economic liberalization

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African Economies Not Liberal Enough

Posted on January 30, 2008 by Chelsea Wieber

Topics: Economic Development
Countries: Botswana, Cape Verde, Kenya, Madagascar, Mauritius, Namibia, South Africa, Swaziland, Tunisia, Uganda

Today the Economist posted a briefing on the 2008 Freedom of the World report published by the Heritage Foundation and the Wall Street Journal, concluding that in recent years "African countries have made negligible progress liberalising their economies."

For the most part, although not without exception, the Heritage Foundation’s correlation between incomes per head and economic freedom holds good. Seven of the ten economically most free African economies (Mauritius, Botswana, South Africa, Namibia, Tunisia, Swaziland and Cape Verde) are, in fact, middle-income states. Uganda, Madagascar and Kenya, however, are very low-income countries.

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Keywords: economic liberalization, Africa

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From the Archives

The IMF and World Bank Are Major Causes of Poverty in Africa

Posted on March 23, 2007

Previously filed under: Africa

Opinion article questions the efficacy of IMF and World Bank policies in the developing world.

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