Opportunities and Choices - Swarthmore College

For some purposes the experience of each country is indeed equally important – ...... Panama. 1. 1. 2.40. 2.02 . Peru. 1. 1. 21.57. 0.56 . Puerto Rico. 1. 1. 3.54.
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Opportunities and Choices Chapter 2 of volume 1 Paul Collier and Stephen A. O’Connell1

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Oxford University and Centre for Study of African Economies; and Swarthmore College and Centre for

Study of African Economies. We thank Catherine Pattillo, Jim Robinson, Lemma Senbet, Nicholas van de Walle, Jeffrey Williamson, Growth project editors and researchers, and seminar participants at the AERC, Harvard, Oxford, the IMF, and the World Bank for helpful comments.

Collier/O’Connell

Chapter 2

Table of Contents 1. Introduction..................................................................................................................... 1 2. Africa’s Opportunities .................................................................................................... 4 A basic classification of opportunities............................................................................ 4 Endowments................................................................................................................ 4 Location ...................................................................................................................... 6 Endowments and location in growth regressions........................................................ 7 Differential growth performance and its decomposition .............................................. 10 Key questions................................................................................................................ 14 3. Choices.......................................................................................................................... 14 Regulatory syndromes .................................................................................................. 17 Redistributive syndromes.............................................................................................. 19 Inter-temporal syndromes ............................................................................................. 23 State Breakdown ........................................................................................................... 27 Syndromes and Opportunities....................................................................................... 28 4. Consequences of the Syndromes for Growth................................................................ 30 Possible effects of the syndromes on opportunities...................................................... 30 How important were the syndromes? ........................................................................... 34 Syndromes and the Foreclosing of Opportunities......................................................... 43 Resource-Scarce Coastal Economies........................................................................ 43 Resource-Rich Economies ........................................................................................ 47 Resource-Scarce Landlocked Economies ................................................................. 51 4. A Preliminary Conclusion............................................................................................. 52

Collier/O’Connell

Chapter 2

Understanding the past.................................................................................................. 53 Facing the Future .......................................................................................................... 55 References......................................................................................................................... 59

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Chapter 2

List of Tables Table 1: Population-weighted growth by decade. Table 2: Geography and Growth: Disaggregating into Four Groups Table 3: Geography and Growth: Resource-Rich, Resource-Scarce Coastal, ResourceScarce Landlocked Table 4: Population distribution by opportunity category. Table 5: Growth differential by opportunity category and decade. Table 6: Decomposition of gro