Africa and its Issues- Why Have We Ignored Africa? Message Board

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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?

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From: TimF	8/28/2006 7:43:30 PM
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gregmankiw.blogspot.com I can't really agree with "Almost all these problems have been solved" (these problems being "overvalued currencies, civil war, experiments with socialism, or apartheid"). Experiments with socialism still are around to a fairly strong degree in some countries and to a more mild degree in most or all of them. Civil wars still exist, as does problems with currency valuation (which doesn't just include over valued currencies but also massive printing of money to meet government expenses). I also can't entirely agree with "“African performance has been far worse than that of any other region,” Mr. Collier has written. “The explanation for this is not that African economic behavior is fundamentally different from elsewhere, but rather that African geographic endowments are distinctive.”" I think it likely that geography has had an impact, but the most important factors Collier himself mentions are political or economic, socialism, lack of checks and balances, war, etc.

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