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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
    as

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    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP30.pdf
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    References listed on IDEAS

    as
    1. Ivanic, Maros & Martin, Will, 2008. "Implications of higher global food prices for poverty in low-income countries," Policy Research Working Paper Series 4594, The World Bank.
    2. Gauthier, Bernard & Wane, Waly, 2007. "Leakage of public resources in the health sector : an empirical investigation of Chad," Policy Research Working Paper Series 4351, The World Bank.
    3. Friedman, Jed & Schady, Norbert, 2009. "How many more infants are likely to die in Africa as a result of the global financial crisis ?," Policy Research Working Paper Series 5023, The World Bank.
    4. Gemechu Ayana Aga & Christian Eigen-Zucchi & Sonia Plaza & Ani Rudra Silwal, 2013. "Migration and Development Brief, No. 20," World Bank Other Operational Studies 17020, The World Bank.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Africa; Crisis; development; growth; poverty reduction; reforms; policies; sub-Saharan; recovery; developing countries;

    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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