Growth and Development Experience of China and Sub Saharan Africa

Full Essay question is: To what extent do institutions explain the contrasting growth and development experience of China and Sub Saharan Africa (SSA) since 2000?

– Evaluate the importance of institutions to economic growth and development
– Apply the theory to explain the differences in economic growth between nations
– Define what emerging markets is and how nations grow
– Define institutions and why they’re important

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Theory – the mechanisms of growth
– Rostow’s Linear stage theory
– Lewis’ dual economy – shift from agricultural to industrial
– Harrod Domar – savings and investment
– Neo-classical – free markets?
– classical growth theory – is there a limit to growth?
– how growth and development are measured and the causes of it
– underlying causes of growth and particularly why some countries are able to grow faster than others – namely institutions.
– resource curse and dependency theory – ideas that arguably explains poor growth performance in some developing countries
– the importance of technology (Paul Romer)

Applying theory
– the Asian miracle and the ‘tigers’
– catch up growth
– explain the economic situation in China at the end of the 1970s – explain key areas of reform and policies to address specific problems and relate these reforms to institutional theories
-Identify and explain the various SSA’s historical poor growth performance
– explain the institutions and the nature of the state on development in SSA
– explain the changing business environment in SSA countries
– explain the opportunities and challenges that investors face in this changing environment. For more information on Growth and Development Experience of China and Sub Saharan Africa check out :

Link to some sources can be found in the attachment : Links for qu

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