Mallick, Indrajit (2005): Institutions and Capacity Building: The African Economic Development Potential Revisited.
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Abstract
Abstract: Risks faced in African agriculture and industry reduces the dynamic rate of return in these industries. Supply and demand constraints like scarcity of human capital and low effective demand further reduce the scope of industrialization. Institutions have to be developed to share the risks in consumption and production and thus achieve equity and efficiency. Capacity building through investment in the education, health and the public sector can bring about an efficient supply response. Monetary and fiscal intervention can ensure that such a supply response is met effectively and the benefits are passed to consumers, labor and entrepreneurs through a regulated market.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Institutions and Capacity Building: The African Economic Development Potential Revisited |
| English Title: | Institutions and Capacity Building: The African Economic Development Potential Revisited |
| Language: | English |
| Keywords: | Keywords: Institutions, Capacity Building, Risk Sharing, Dynamic Efficiency |
| Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O23 - Fiscal and Monetary Policy in Development D - Microeconomics > D2 - Production and Organizations > D20 - General D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency ; Cost-Benefit Analysis O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O20 - General G - Financial Economics > G0 - General > G00 - General |
| Item ID: | 27791 |
| Depositing User: | Indrajit Mallick |
| Date Deposited: | 04 Jan 2011 08:02 |
| Last Modified: | 14 Oct 2019 16:28 |
| References: | Bibliography Mookherjee D. (2004) “The Crisis in Government Accountability: Governance Reforms and Indian Economic Performance” Oxford University Press, New Delhi Sharma N, T. Damhaug, E. Gilgan-Hunt, D. Grey, V. Okaru and D. Rothberg (1996) “African Water Resources: Challenges and Opportunities for Sustainable Development” World Bank Technical Paper No. 331 UNCTAD (2001) “Economic Development in Africa: Performance, Prospects and Policy Issues” United Nations Conference on Trade and Development, United Nations New York and Geneva 2001 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/27791 |
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