INSTRUCTIONS: Carefully read the following articles to understand the Impetus to Economic Policy … 1 answer below »

INSTRUCTIONS: Carefully read the following articles to understand the Impetus to Economic Policy (Topic 1) and use them to answer the question below.

QUESTION ONE

Paul Collier and Jan Willem Gunning from the Journal of Economic Perspectives, Vol. 13, No. 3, (summer, 1999) on “Why Africa Has Grown Slowly”

Jeffrey D. Sachs and Andrew M. Warner from the Journal of African Economies, December 1997, Volume 6, Number 3, pp. 335-376 on “Sources of Slow Growth in African Economies”

Gordon P. Hagbert from the Annals of the American Academy of Political and Social Science 1961 , Vol. 335 on “The Peculiarities of Geography: Africa”

Winford H. Masanjala and Chris Papageorgiou from the Department of Economics Louisiana State University Working Paper 2006-01 on “Initial Conditions, European Colonialism and Africa’s Growth”

David E. Bloom, Jeffrey D. Sachs, Paul Collier, Christopher Udry from the Brookings Papers on Economic Activity, Vol. 1998, No. 2, (1998), pp. 207-295 on “Geography, Demography, and Economic Growth in Africa”

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For a SSA country of your choice, discuss the role of real peculiarities of African economies in the design and implementation of short-term economic policies and long-term development initiatives.

QUESTION TWO

Kees Van Donge, J., Henley, D., and Lewis, P.(2012): Tracking Development in South-East Asia and Sub-Saharan Africa: The Primacy of Policy. Development Policy Review, 2012, 30 (s1): s5-s24

Economic Policy is important for growth and Development of many countries. The starkest example of what the gains and losses from policy can be comes from the varying experience of sub-Saharan Africa and East Asia in the last sixty years. Tracking Development in South-East Asia and Sub-Saharan Africa indicates that the two regions with comparable levels of income per capita in the 1950s diverged in growth so rapidly. Why are there so many Asian tigers and not yet so many African lions? What could Africa learn from Southeast Asian development trajectories?

QUESTION THREE

From the African Economic Outlook 2018, Discuss the key drivers of African performance and prospects.

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