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A Survey of Africa’s Economic Performance in the Post-Independence Period

Chapter
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Part of the International Political Economy Series book series (IPES)

Abstract

This chapter reviews the performance of African economies during the post-independence years, with particular emphasis on the 1990s. The aim is to consider the recovery of the second half of the decade in proper perspective. The underlying issues and factors will be examined against the background of the region’s economic performance during the earlier decades of the 1960s, 1970s and 1980s. In particular, the need for realism concerning African growth prospects will become clear as a result of this discussion

Keywords

Foreign Direct Investment African Country Current Account Export Volume Economic Recovery 
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Notes and References

  1. 1.
    The survey draws significantly from UNCTAD (1998), Trade and Development Report 1998 (Geneva: UNCTAD, 1998), pp. 115–209.Google Scholar
  2. 10.
    Ibid., p. 22; see also UNCTAD (1999), Trade and Development Report, 1999 (Geneva: UNCTAD), p. 13.Google Scholar
  3. 21.
    See United Nations (1998), World Investment Report 1998 (New York and Geneva: United Nations), pp. xxv, 9, 163–5; see also African Development Report, 1998, p. 16.Google Scholar
  4. 23.
    See OAU (1995), The Cairo Agenda for Action (Addis Ababa: OAU/AHG/Res. 236 (XXXI), p. 22. This document is reproduced as an the Appendix of this book.Google Scholar
  5. 24.
    See, for example The Jubilee Coalition (1998), ‘To Him that Hath: Debt and Financing Development’ in South Centre, South Letter No 30, p. 18.Google Scholar
  6. 25.
    See UNCTAD, Trade and Development Report, 1998, p. xii. See also, Vijay S. Makhan, ‘Statement at the 45th Session of the UNCTAD Trade and Development Board’ (Geneva: OAU/AEC, mimeo, 1998).Google Scholar
  7. 26.
    See, for example, Paul Collier and Jan W. Gunning (1997), ‘Explaining African Economic Performance’ (Oxford: Centre for the Study of African Economies, Working Paper Series /97/2);Google Scholar
  8. Thandika Mkandawire and Charles Soludo (1999), Our Continent, Our Future (Trenton, New Jersey, USA: Africa World Press,);Google Scholar
  9. and World Bank (2000), Can Africa Claim the 21st Century? (Washington DC: World Bank).Google Scholar

Copyright information

© Vijay S. Makhan 2002

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