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Thirty years in Africa’s development: from structural adjustment to structural transformation?

In: Sustainable Development Goals and Income Inequality

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  • Tony Addison

Abstract

Tony Addison reviews, for the Africa region, the years leading up to the MDGs – including the legacies of structural adjustment and conflict. Africa has yet to achieve the level and speed of structural transformation that is required to meet the SDGs. The last decade’s super-cycle in commodities seems to be over, dangerously exposing the weakness of the ‘African lions’ and their undiversified growth model. Moreover, African policymakers have yet to absorb the implications for investment in their extractive industries of what real progress on international climate change agreements will mean for the demand for Africa’s exports of fossil fuels. The development states that Africa needs to create must have a deep knowledge of what the private sector is capable of achieving. Then high-value synergies of private and state action can be identified and acted upon – while ensuring that business operates within a framework of supporting regulation that protects the public interest.

Suggested Citation

  • Tony Addison, 2017. "Thirty years in Africa’s development: from structural adjustment to structural transformation?," Chapters, in: Peter A.G. van Bergeijk & Rolph van der Hoeven (ed.), Sustainable Development Goals and Income Inequality, chapter 7, pages 121-140, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17829_7
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