Information for G00129
A paper presented at a conference on Land in Africa, November 8, 9, 2004 Church House, London, UK Property Rights, Investment, Opportunity and Growth : Africa in a Global Context
Document begins: A paper presented at a conference on Land in Africa, November 8, 9, 2004 Church House, London, UK Property Rights, Investment, Opportunity and Growth : Africa in a Global Context By Adebayo Olukoshi, CODESRIA, BP 3304, Dakar, Senegal. Speaking Notes for Natural Resources Institute, Royal African Society, and IIED Conference on Land in Africa: Market Asset or Secure Livelihood Introduction: · The last two decades and half in African economic history have been devoted to an exploration of the best framework for securing property rights, attracting investment and unleashing growth. The immediate context for this quest is the prolonged economic crisis which most African countries have faced since the early 1980s and which has taken a huge toll on social livelihoods across the continent. · In seeking to overcome the economic problems of African countries, a considerable amount of attention has been paid to the structure of incentives, understood in terms of the package rewards and penalties targeted at economic agents, and the way in which it has impacted on the prospects for growth. Overall, the dominant view has been that the pre-existing structure of incentives has slowed or even outrightly inhibited growth. Policy energies have, therefore, been ...