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Publication Date: June 1993
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Thomas P. Sheehy
Research Area: Economics
Keywords: Middle East
Type: Report
Coverage: United States
Abstract:
The road to development in Africa will be long and difficult. Fortunately, many African states have enhanced their prospects for development by accepting the need for free market economic policies. The U.S. should encourage Africa's free market trend by establishing an Index of Economic Freedom for allocating development aid to Africa, and by directly aiding the emergent African private sector. An Index also would provide the diffuse and unfocused U.S. foreign aid program with a coherent strategy for disburiing U.S. foreign aid.