Cote d’Ivoire : From Success to Failure - A Story of Growth, Specialization, and the Terms of Trade
Real GDP per capita and capital stock in
Cote d'Ivoire grew strongly from 1960 to 1979, but have
declined ever since, for twenty-five years. As a result, the
country has traveled a full circle from economic success to
failure in little more than a generation. What are the
long-term factors behind this dismal growth story? Are the
Ivorian development problems mostly of recent origin? Or
there are more fundamental, economic factors that explain