Access to large buyers is increasingly believed to facilitate firm growth and job creation. This column uses an experiment with small and medium-sized firms in Liberia to analyse whether purely informational barriers exclude firms from accessing growth-conducive value chains. Exposing firms to a week-long ‘sellership’ programme helped them win more and better contracts, and
Carnegie Endowment for International Peace
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Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also makes these countries part
Carnegie Endowment for International Peace
Source: Getty
Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
Related Media and Tools
If you enjoyed reading this, subscribe for more!
Thank you!
Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also makes these countries part
3.1.2. corruption increases the cost of doing business by up to 10% on average
3.2. World Bank
3.3. IMF
3.4. The Provincial Governance and Public Administration Performance Index (PAPI)
3.4.1. Each year, PAPI assesses citizens experience and perceptions concerning policy making, policy implementation, and the monitoring of public service delivery
3.4.2. Problem: people hesitate to answer questions truthfully for fear of self-incrimination or reprisals, and the risk that respondents overstate the corruption problem but underreport instances of corruption when it affects them.
3.4.3. Method: Uses Unmatched Count Technique (UCT) to measure scopes and scales, and truncated estimation strategy to measure the cost of corruption
3.4.4. Findings
3.4.4.1. Citizens pay an average of 5USD to 28USD in primary school system bribery, per student per semester