Official corruption and underdeveloped markets: Africa's economic policy dilemma
By: Mensah, S. Nil-Aheleh.
Material type:
ArticlePublisher: 2000Description: p.230-247.Subject(s): Corruption - Africa | Africa - Economic policy | Economic policy
In:
Indian Journal of Public AdministrationSummary: Discussing two broad successful macro-economic thrusts at national level - i.e. interventionist and market-oriented - which have influenced post-independence economic policies of African nations without showing expected results, the author identifies conditionalities for success of Keynesian approach. He then extends his analytical framework to all nations in the African continent to assess how far it has been effective in curtailing official corruption there. He discusses both official and general corruption, its relationship with government spending (both investment and consumption); role of underdeveloped markets in the spread of corruption; and impact of uneven income distribution in underdeveloped markets. To him, the remedy lies in change of attitudes and institutions. He suggests greater commitment to transparency and accountability, strengthening central banks professionally and making them independent, and enlisting external support to check pervading corruption in these nations. - Reproduced
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Articles
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Indian Institute of Public Administration | Volume no: 46, Issue no: 2 | Available | AR46672 |
Discussing two broad successful macro-economic thrusts at national level - i.e. interventionist and market-oriented - which have influenced post-independence economic policies of African nations without showing expected results, the author identifies conditionalities for success of Keynesian approach. He then extends his analytical framework to all nations in the African continent to assess how far it has been effective in curtailing official corruption there. He discusses both official and general corruption, its relationship with government spending (both investment and consumption); role of underdeveloped markets in the spread of corruption; and impact of uneven income distribution in underdeveloped markets. To him, the remedy lies in change of attitudes and institutions. He suggests greater commitment to transparency and accountability, strengthening central banks professionally and making them independent, and enlisting external support to check pervading corruption in these nations. - Reproduced
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