Most aspects of South Africa's investment climate the location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and grow are favorable. The majority of large, registered firms believe that the legal system is able to protect their property rights. Infrastructure is reliable. Tax rates are relatively low. The burden of regulation is comparable to other middle-income countrries. Few firms pay bribes. And most firms have adequate access to credit. In many dimensions, South Africa has a good investment climate. Consistent with this, large...

The book starts with the premise that Africa's economic renewal will require moving beyond the narrow bounds of structural adjustment reform and promoting the greater effectiveness of the region's public institutions. Economic reform will not be successful unless the central states in the region develop more productive relationships with the other institutions that inevitably condition economic relations and the context in which development takes place. This institutional debate is particularly important because the recent democratization of African public life has resulted in a rapidly...

As the World Bank famously put it back in 1989, 'underlying the litany of Africa's development problems is a crisis of governance.' This is a collection of authoritative essays bringing together prominent Africanists in political science and public administration to look at the role of governance in African development. The goal of the book is to move beyond the status quo debates about 'structural adjustment' and to look at all the public and civic institutions which are likely to play a critical role if Africa is to overcome its economic crisis.

Why is business performance lagging in Africa? This book focuses on the day-to-day problems that private sector managers and entrepreneurs there encounter. It identifies several solutions to address both the infrastructure and political economy constraints hampering business growth in Africa.