South Sudan is not the only oil-dependent country suffering from the fall in oil prices. Nigeria and Angola are also having difficulties. One solution is for them to diversify their economies.
International Growth Centre
The International Growth Centre (IGC) aims to promote sustainable growth in developing countries by providing demand-led policy advice based on frontier research. The IGC directs a global network of world-leading researchers and in-country teams in Africa and South Asia and works closely with partner governments to generate high quality research and policy advice on key growth challenges. Based at the London School of Economics and Political Science, and in partnership with the University of Oxford, the IGC is funded by the UK Department for International Development (DFID).
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Authors
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Professor of Economics, International Growth Centre
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Country Economist, International Growth Centre
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South Sudan Senior Advisor, International Growth Centre, and PhD candidate, University of Cambridge, International Growth Centre
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Researcher, International Growth Centre
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Head of the Cities that Work initiative, International Growth Centre