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Africa: Leveraging the Crisis into a Development Takeoff

Author

Listed:
  • Devarajan, Shantayanan

    (World Bank)

  • Shetty, Sudhir

    (World Bank)

Abstract

Africa’s precrisis growth and poverty reduction was the result of increased external resources, a buoyant global economy and—crucially—improved economic policies. Although it is still the world’s poorest region, the prospects for resuming growth are good. Additional resources and further policy reforms could launch the continent on a path of sustained growth and poverty reduction.

Suggested Citation

  • Devarajan, Shantayanan & Shetty, Sudhir, 2010. "Africa: Leveraging the Crisis into a Development Takeoff," World Bank - Economic Premise, The World Bank, issue 30, pages 1-4, September.
    • Handle: RePEc:wbk:prmecp:ep30
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    References listed on IDEAS

    as
    1. Bernard Gauthier & Waly Wane, 2009. "Leakage of Public Resources in the Health Sector: An Empirical Investigation of Chad †," Journal of African Economies, Centre for the Study of African Economies, vol. 18(1), pages 52-83, January.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Africa; Crisis; development; growth; poverty reduction; reforms; policies; sub-Saharan; recovery; developing countries;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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