TY  - BOOK
AU  - Collier Paul
TI  - African growth: Why a "big push"?
SN  - 09638024
AV  - HC800 JOU 
PY  - 2006///
CY  - Oxford
PB  - Oxford University Press
KW  - Economic growth
KW  - Developing countries
KW  - Poverty,  Development policy
KW  - Africa
N2  - Over the past 40 years Africa has stagnated while other developing countries have grasped growth opportunities. This process of divergence has turned Africa into the poorest region. Africa needs a big push to escape from four development traps: the conflict trap, the corruption trap, the primary commodity trap and the fractionalized society trap. Since these low level equilibria have been sustained over some time a marginal effort is unlikely to be successful. However, the traps weaken the effectiveness of aid, making increased aid unlikely to be a successful instrument to push Africa's development. This paper suggests four non-traditional policy instruments donors can use in addition to increased aid: a security guarantee, templates of good governance, temporary trade preferences and the conditioning aid on processes of governance rather than on policies
UR  - 10.1093/jae/ejl031
ER  -