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Markets, democracy and African economic growth: liberalism and Afro-pessimism reconsidered

Austin, Gareth (2000) Markets, democracy and African economic growth: liberalism and Afro-pessimism reconsidered. The Round Table: the Commonwealth Journal of International Affairs, 89 (357). pp. 543-555. ISSN 0035-8533

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Abstract

The links between good governance and economic reform are widely assumed within a liberal perspective and have been embodied in the structural adjustment policies adopted in sub-Saharan Africa. The questionable propositions that market reform offers the most efficient path to economic growth and that democratic reform is a necessary condition for economic reform to fulfil its potential are critically examined and suggested to be deficient. The existence of a market economy is not the only effective framework for growth; nor is the presence of market institutions a sufficient or necessary condition for the emergence of demands for greater democracy. Finally, democracy is neither a necessary condition for growth nor a generator of growth-creating reforms.

Item Type: Article
Official URL: http://www.tandf.co.uk/journals/carfax/00358533.ht...
Additional Information: © 2000 The Round Table Ltd
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 20 Nov 2008 12:22
URL: http://eprints.lse.ac.uk/18318/

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