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Economic Growth in Africa By Xavier Sala-i-Martin June 2004.

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Presentation on theme: "Economic Growth in Africa By Xavier Sala-i-Martin June 2004."— Presentation transcript:

1 Economic Growth in Africa By Xavier Sala-i-Martin June 2004

2 Africa (1): Institutions

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6 Africa (2): Physical Capital and Infrastructures

7 Africa (3) Human Capital: Education and Training

8 Africa (3): Human Capital: Education and Training

9 Africa (3) Human Capital: Health

10 Africa (4): Macro Stability

11 Africa (5): Technological Sophistication and Usage

12 Africa (6): Openness and Market Size

13 Africa (7): Efficiency in Goods Markets

14 Africa (8): Efficiency of Labor Markets

15 Africa (9): Financial Infrastructure

16 Africa (10): Security

17 Africa: Security and Social Stability

18 Africa (11): Innovation

19 Conclusions Africa Heterogeneous Performance: Heterogeneous Performance: –South Africa, Botswana, Namibia, Gambia, Mauritius, Ghana, and Tanzania tend to score well –Angola, Chad, Mozambique and Zimbabwe tend to score poorly By and Large African Countries have problems in ALL 12 Areas with exception of Macroeconomic Stability (Zimbabwe and Angola are HUGE exceptions here) By and Large African Countries have problems in ALL 12 Areas with exception of Macroeconomic Stability (Zimbabwe and Angola are HUGE exceptions here) Relative to other developing countries, Openness and Financial Development (but relative to Asia or OECD, not true) Relative to other developing countries, Openness and Financial Development (but relative to Asia or OECD, not true)


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