PSCI 3100 Study Guide - Final Guide: Walt Whitman Rostow, Area Studies, Nationstates
9 Jul 2014
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Week 2: development performance in africa & discourse. Paul collier & j. w gunning explaining africa"s economic performance. Social capital can be generated both by the community and by the government. Economic benefit can arise from the building of trust, which lowers transaction costs, the knowledge of externalities of social networks, an enhance of capacity for collective action. Public social capital consists of institution of government, which facilitate private activity, such as courts. African governments have behaved in ways which are damaging to the long term interests of the majority of their population because they have served narrow constituencies. Sins of commission/omission damages partly to agricultural taxation and failure to provide adequate infrastructure. Africa lacking both types of social capital, which is known to be found in growth regression. Possible barriers to social interaction are ethno-linguistic fractionalization and inequality. Africa countries are more than twice as fractionalized as other developing regions.
