In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring the co-author Jeffrey Herbst, President, Colgate University; with comments by Todd Moss, Vice President, Center for Global Development, and Former Deputy Assistant Secretary, Bureau of African Affairs, State Department; moderated by Marian L. Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
If Africa’s first liberation was from colonialism, and its second from the tyranny of many of its liberators, the third must concentrate on economic development. Africa has to overcome its racial, tribal, and religious divisions and offer Africans the opportunity to set their own agendas. To achieve economic development, African governments must embrace a “growth ideology.” Many African governments have to drop their animus to capitalism and create a welcoming environment for domestic and foreign capital. Please join our panel for a discussion about the future prospects for growth on the African continent.