Foresight Africa: top priorities for the continent in 2014
In: Foresight Africa, S. 1-38
In: Foresight Africa, S. 1-38
World Affairs Online
World Affairs Online
In: After the SpringEconomic Transitions in the Arab World, S. 31-53
In: After the SpringEconomic Transitions in the Arab World, S. 106-139
In: After the SpringEconomic Transitions in the Arab World, S. 1-30
In: After the SpringEconomic Transitions in the Arab World, S. 140-174
In: After the SpringEconomic Transitions in the Arab World, S. 80-105
In: After the SpringEconomic Transitions in the Arab World, S. 54-79
In: Financial history 17
After stagnating for much of its postcolonial history, economic performance in Sub?Saharan Africa has markedly improved. Since 1995, average economic growth has been close to 5 percent per year. Has Africa finally turned the corner? This paper analyzes growth accelerations and decelerations-that is, country level deviations from long?run trend growth. Seen from this perspective, Africa's record of slow and volatile growth reflects a pattern of offsetting accelerations and declines, and much of the improvement in economic performance in Africa post 1995 turns out to be due to a substantial reduction in the frequency and severity of growth decelerations. The fall in economic declines since 1995 is largely due to better macroeconomic policies, but changes in such 'growth determinants' as investment, export diversification, and productivity have not accompanied the growth boom. Lack of change in these variables and the significant role played by natural resources in sparking growth accelerations suggest that Africa's growth recovery was fragile, even before the recent global economic crisis. The paper concludes by setting out four elements of a strategy that can help move Africa from fewer mistakes to sustained growth: managing natural resources better, pushing nontraditional exports, building the African private sector, and creating new skills.
BASE
After stagnating for much of its postcolonial history, economic performance in Sub?Saharan Africa has markedly improved. Since 1995, average economic growth has been close to 5 percent per year. Has Africa finally turned the corner? This paper analyzes growth accelerations and decelerations-that is, country level deviations from long?run trend growth. Seen from this perspective, Africa's record of slow and volatile growth reflects a pattern of offsetting accelerations and declines, and much of the improvement in economic performance in Africa post 1995 turns out to be due to a substantial reduction in the frequency and severity of growth decelerations. The fall in economic declines since 1995 is largely due to better macroeconomic policies, but changes in such 'growth determinants' as investment, export diversification, and productivity have not accompanied the growth boom. Lack of change in these variables and the significant role played by natural resources in sparking growth accelerations suggest that Africa's growth recovery was fragile, even before the recent global economic crisis. The paper concludes by setting out four elements of a strategy that can help move Africa from fewer mistakes to sustained growth: managing natural resources better, pushing nontraditional exports, building the African private sector, and creating new skills.
BASE
In: Africa development essays
In: Africa development essays
Since the mid-1990s, sub-Saharan Africa has experienced an acceleration of economic growth that has produced rising incomes and faster human development. However, this growth contrasts with the continent's experience between 1975 and 1995, when it largely missed out on two decades of economic progress. This disparity between Africa's current experience and its history raises questions about the continent's development. Is there a turnaround in Africa's economy? Will growth persist?Africa at a Turning Point? is a collection of essays that analyzes three interrelated aspects of Africa's recent r.
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 33, Heft 10, S. 1645-1669
ISSN: 0305-750X
World Affairs Online