Tag: Poor Governance in a Small Country trap

Prosperity: Poor Governance in a Small Country Trap

Nov 20, 2008

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by

mwkruse

in Economic Development, Politics, Poverty, Public Policy, Series: Cycle of Prosperity

The fourth of Paul Collier's poverty traps in The Bottom Billion is the Poor Governance in a Small Country Trap. Collier writes: "Excellent governance and economic policies can help the growth process, but there is a ceiling to feasible growth rates at around 10 percent: economies just cannot grow much faster than this no matter…