Discussion Paper Details

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Title: Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

Author(s): Robert H Bates, John H Coatsworth and Jeffrey G Williamson

Publication Date: November 2006

Keyword(s): Africa, development, economic history, Latin America and lost decades

Programme Area(s): International Trade and Regional Economics

Abstract: Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political instability, violent conflict and economic stagnation lasting for about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post-imperial collapse and entering a period of relative political stability and economic growth, as did Latin America a century and a half earlier.

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Bibliographic Reference

Bates, R, Coatsworth, J and Williamson, J. 2006. 'Lost Decades: Lessons from Post-Independence Latin America for Today's Africa'. London, Centre for Economic Policy Research.