African Successes, Volume IIIModernization and Development

African Successes, Volume IIIModernization and Development

Sebastian Edwards, Simon Johnson, and David N. Weil

Print publication date: 2017

ISBN: 9780226315720

Publisher: University of Chicago Press


This is Volume III of a four volume set that reports on progress with economic, political, and social development in Africa over recent decades. Volume I deals with the essential issues of social stability and other prerequisites for growth. Volume II covers health, gender, and education, all of which are of first-order importance if people are to benefit from and contribute to economic development. Volume III focuses on specific issues of modernization and three key sectors or types of economic activity: finance, mobile phones, and exports. The papers in Volume III contain some firm-level analysis, studies of specific sectors, and cross-country econometrics. We did not attempt to build a comprehensive picture across all countries, but there is a great deal of information about what is going on in wide range of countries – the chapters in this volume contain more in-depth studies of Burundi, Kenya, Lesotho, Malawi, Nigeria, and Tanzania. Our main goal was to provide a catalyst for applied research on Africa, and this set of papers demonstrates how we set about achieving that objective. The authors include top researchers, among them people with a great deal of Africa experience and those for whom this was their first time digging into African realities.

Table of Contents

Front Matter

Series Introduction

Sebastian Edwards, Simon Johnson, and David N. Weil

Volume Introduction

Sebastian Edwards, Simon Johnson, and David N. Weil

I Finance and Capital Allocation

1 Resolving the African Financial Development Gap

Franklin Allen, Elena Carletti, Robert Cull, Jun Qian, Lemma Senbet, and Patricio Valenzuela

2 Challenges in Banking the Rural Poor

Pascaline Dupas, Sarah Green, Anthony Keats, and Jonathan Robinson

3 The Financial Sector in Burundi

Janvier D. Nkurunziza, Léonce Ndikumana, and Prime Nyamoya

5 Misallocation, Property Rights, and Access to Finance

Sebnem Kalemli-Ozcan and Bent E. Sørensen

II Mobile Phones

6 New Cellular Networks in Malawi

Dimitris Batzilis, Taryn Dinkelman, Emily Oster, Rebecca Thornton, and Deric Zanera

7 Mobile Banking

Isaac Mbiti and David N. Weil

III International Trade

8 African Export Successes

William Easterly and Ariell Reshef

9 AGOA Rules

Lawrence Edwards and Robert Z. Lawrence