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Challenges of African Growth : Opportunities, Constraints, and Strategic Directions

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  • Benno J. Ndulu
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    Abstract

    Poverty in Africa is largely the outcome of slow growth. With the region hosting 10 percent of the world's population but a staggering 30 percent of the world's poor, the challenges it faces are enormous but not insurmountable. The message of this book is clear - poverty-eradicating development in Africa is possible. In fact, there are indications that Africa is at a turning point, and there is growing momentum among front-runner economies in the region toward higher and sustained growth. This study challenges African countries and their development partners to consolidate and continue this momentum and to exploit the advantages of the continent as a latecomer, particularly in innovation and in drawing lessons from successful export-led growth experiences in Asia and Latin America.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6656/399890PAPER0AF101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 6656 and published in 2007.

    ISBN: 0-8213-6882-6
    Handle: RePEc:wbk:wbpubs:6656

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    Postal: 1818 H Street, N.W., Washington, DC 20433
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    1. Ng, Francis & Yeats, Alexander, 1996. "Open economies work better! Did Africa's protectionist policies cause its marginalization in world trade?," Policy Research Working Paper Series, The World Bank 1636, The World Bank.
    2. Shahid Yusuf, 2003. "Innovative East Asia : The Future of Growth," World Bank Publications, The World Bank, The World Bank, number 15158, February.
    3. Van Biesebroeck, Johannes, 2005. "Firm Size Matters: Growth and Productivity Growth in African Manufacturing," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 53(3), pages 545-83, April.
    4. World Bank, 2004. "Investment Climate Assessment : Improving Enterprise Performance and Growth in Tanzania," World Bank Other Operational Studies, The World Bank 14413, The World Bank.
    5. Wellenius, Bjorn & Foster, Vivien & Malmberg-Calvo, Christina, 2004. "Private provision of rural infrastructure services: competing for subsidies," Policy Research Working Paper Series, The World Bank 3365, The World Bank.
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    Cited by:
    1. Elu Juliet U. & Price Gregory N., 2012. "Remittances and the Financing of Terrorism In Sub-Saharan Africa: 1974 - 2006," Peace Economics, Peace Science, and Public Policy, De Gruyter, De Gruyter, vol. 18(1), pages 1-42, July.
    2. Wim Naudé, 2010. "Africa And The Global Economic Crisis: A Risk Assessment And Action Guide," EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) 27, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    3. World Bank, 2009. "Tanzania: Country Brief," World Bank Publications, The World Bank, The World Bank, number 2629, August.
    4. Anonymous, 3. "Risk Assessment Of Major Crops In Egyptian Agriculture," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L’Informatore Agrario, Edizioni L’Informatore Agrario, issue 3.
    5. Cazzavillan, Guido & Donadelli, Michael & Persha, Lauren, 2013. "Economic growth and poverty traps in sub-Saharan Africa: The role of education and TFP shocks," Research in Economics, Elsevier, Elsevier, vol. 67(3), pages 226-242.
    6. Naude, Wim, 2007. "Peace, Prosperity, and Pro-Growth Entrepreneurship," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    7. Menyah, Kojo & Nazlioglu, Saban & Wolde-Rufael, Yemane, 2014. "Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach," Economic Modelling, Elsevier, Elsevier, vol. 37(C), pages 386-394.
    8. World Bank, 2013. "Mali : Poverty and Gender Notes," World Bank Other Operational Studies, The World Bank 16050, The World Bank.
    9. World Bank, 2011. "Republic of Burundi - Country Economic Memorandum (CEM) : The Challenge of Achieving Stable and Shared Growth," World Bank Other Operational Studies, The World Bank 2769, The World Bank.
    10. Sparreboom, Theo & de Gier, Michael P.F, 2008. "Assessing vulnerable employment : the role of status and sector indicators in Pakistan, Namibia and Brazil," ILO Working Papers, International Labour Organization 424015, International Labour Organization.
    11. Pedro Conceição & Sebastian Levine, 2011. "The African Moment: On the Brink of a Development Breakthrough," Working Papers, United Nations Development Programme, Regional Bureau for Africa (UNDP/RBA) 2011-001, United Nations Development Programme, Regional Bureau for Africa (UNDP/RBA).
    12. Arbache, Jorge & Go, Delfin S. & Page, John, 2008. "Is Africa's economy at a turning point?," Policy Research Working Paper Series, The World Bank 4519, The World Bank.
    13. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications, The World Bank, The World Bank, number 6853, August.

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