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The recent emphasis on governance in Africa is unique in that it was initiated by donors and not by domestic leaders under pressure from their own constituencies. Thus while many countries have embraced the market economy and liberalized their policies, issues related to political participation, democracy, and institution building have proven harder to tackle. This paper is a review of the good governance debate in Africa. It argues that good governance presupposes the existence of effective domestic institutions. It is only when these are in place and functioning that we shall begin to see a change towards more inclusive policy making.

Macroeconomic Policy Framework for Africa's Structural Transformation -- Acknowledgments -- Contents -- List of Abbreviations -- List of Figures -- List of Tables -- List of Boxes -- 1 An Overview of Structural Transformation and Macroeconomic Policy Imperatives in Africa -- 1.1 What is Structural Transformation and How is it Measured? -- 1.2 Africa's Structural Transformation Imperative: Trends, Potential, and Key Drivers -- 1.2.1 The Nature and Pattern of Structural Transformation in Africa -- 1.2.2 Key Drivers of Structural Transformation -- 1.2.3 The Role of Policy - Developmental States and Plans -- 1.3 Macroeconomic Policy for Structural Transformation in Africa -- 1.4 Context and Macroeconomic Policy Imperatives for Africa's Structural Transformation -- Notes -- References -- 2 Africa's Development Trajectory: Past, Present, and Future Directions -- 2.1 Introduction -- 2.2 Africa's Development Trajectory and Vision since Independence -- 2.2.1 The Premature Demise of the "Nationalist Project" -- 2.2.2 Neoliberalism and the Lost Decades of the 1980s and 1990s -- 2.2.3 Structural Adjustment and the Rise of Democratic Movements in the 1990s -- 2.3 New Opportunities for Africa at the Dawn of the Twenty-First Century -- 2.4 Africa's New Strategic Direction for Structural Transformation and Inclusive Growth -- 2.4.1 Agenda 2063 and the Common Africa Position on the Post-2015 Agenda/Agenda 2030 -- 2.4.1.1 Agenda 2063 -- 2.4.1.2 The Common Africa Position on the post-2015 Agenda and the SDGs -- Notes -- References -- 3 Pattern and Determinants of Structural Transformation in Africa -- 3.1 Introduction and Review of the Literature -- 3.2 Data and Methodology -- 3.3 Results and Discussion -- 3.3.1 Panel Regression Results -- 3.3.1.1 Agriculture -- 3.3.1.2 Manufacturing -- 3.3.1.3 Services -- 3.3.2 Quantile Regression Results -- 3.3.2.1 GMM Results