Today governance and democracy are commonly considered as key factors of success for economic policies in African countries, and, more broadly, for the level of development achieved. The first explanation is that the recurring failure of programs recommended by the international institutions in...

Since the 1994 devaluation, growth has been quite strong in Mali (about 5%), but much weaker in terms of GDP per person (about 2.6%) due to a very high index of fecundity (6.8). Growth is still very unstable, due to a large share of agriculture in GDP (40%) and very sensitive to rainfall and...