Professor Paul Collier argues that the prospects for growth and stability in Africa would be enhance if the concern about policy reversals were diminished, thus maximising inward investment flows. He advocates the EU taking a wider role and exerting more pressure on recalcitrant regimes.
Western business regards Africa as the world' riskiest region in which to invest. The continent is thus largely excluded from the present rapid process of economic integration. Moreover, during the 1980s much of Africa excluded itself from the global market place through protectionism and statist economic policies. Econo