Saturday, July 11, 2009

Obama on growth and institutions in Africa

Technically, Obama didn't address questions of growth per se, but he did talk about the role of institutions, like the protection of property rights and a government free of corruption, as covered in articles here and here.

The sticky part might be that current institutions are indeed a legacy of earlier colonial interventions. One can only imagine how difficult government and political reform is in developing countries, when for example the citizens of California can't seem to get it done either.