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Sustaining the Economic Rise of Africa

August 1, 2014 in Economics

President Barack Obama this coming week will be meeting 50 African leaders to discuss “America’s commitment to Africa’s security, its democratic development, and its people.” However, a new bulletin from Cato scholars Marian L. Tupy and Dalibor Rohac reminds us that African problems cannot be solved in Western capitals. “Persistent poverty in Africa is caused primarily by flawed domestic policies and institutions,” say Tupy and Rohac. “African governments must ultimately embrace the free market reforms that have made other regions of the world prosper.”

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