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Africa Economic Brief - Volume 9 Issue 7 - Tackling the Governance of Economic Transformation
Policies to move African economies from growth to transformation are urgently needed, but are they feasible, given typical political-economic constraints? Drawing on a multidisciplinary literature, this paper warns against the twin errors of ignoring such constraints and treating them as insuperable. There is no doubt that typical patterns of power and interest undermine the credible commitments, adequate public good provision, investment coordination, and provisions for joint learning that are crucial in economic transformation. Moreover, efforts to tackle poor economic governance comprehensively have generally failed.