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Description:
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Africa’s economic history since 1960 fits the classical definition of tragedy: potential unfulfilled,
with disastrous consequences (Easterly and Levine. 1997).Collier (1999) points out that African
economic performance has been markedly worse than that of other regions. During the 1980s per
capita GDP declined by 1.3 percent per annum, a full 5 percentage points below the average for
all low income developing countries. During 1990-94 the decline accelerated to 1.8 percent p.a.
and the gap widened to 6.2 percentage points. Cozay(2010) in presenting the situation of Africa
asks the question “Why is Africa Still Poor?”. It is this question that this paper will be
answering. I will start with presenting a writing on why Africa is still poor from a domestic and
external perspective focusing; on policy, geography, and institution, and a look into institution
geography debate, the critic, my view of Africa, and lastly present a new look on Africa. |