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WIDER Annual Lecture 22 by Ernest Aryeetey

WIDER Annual Lecture 22, given by Professor Ernest Aryeetey focused on the political economy of structural transformation in Africa. His talk highlighted that although there has been significant change, with power moving from authoritarian regimes with relatively open economies to embrace democracy and liberal economic systems, the growing dissatisfaction in the outcomes of recent economic experiments has undermined confidence in liberal economic policies and democratic institutions. The lecture emphasised that African nations have no choice, but to go back to basics, relying on new technologies and effective economic policies to pursue structural transformation.