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AbstractThis volume explores the relationship between political economy and economic development in Africa with a view to unravelling, at least part of the reasons why Africa has not been able to register appreciable development despite the perceptible improvement in growth performance since the...
It is argued that the same basic building blocks of political economy models are relevant for developing and developed economies, though the policy questions, key political mechanisms and specific models may differ. Towards this end, this paper first sets out a common framework of analysis and...
Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a...
Modern theories of political economy analyze the sources of political power and their uses for economic ends. The key instruments are taxation and regulation. Although international political economy treats states as its unit of analysis, the number of states is endogenous. This is highly...
The challenges of African Economic development feature prominently on the agenda of the international political economy (IPE). Adopting a political economy prism, this paper examines the literature and traces the policies and debates about Africa in three key areas: macroeconomic policy,...
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