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World Bank, Washington, DC
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World Bank, Washington, DC
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Publications & Research :: Policy Research Working Paper
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Not only do Africa's fragile states grow more slowly than non-fragile states, but they seem to be caught in a "fragility trap". For instance, the probability that a fragile state in 2001 was still fragile in 2009 was 0.95. This paper presents an economic model where three features -- political instabi...

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