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Home > Business & Economics > Marketing - General > Development - Business Development > Challenges of African Growth: Opportunities, Constraints, and Strategic Directions
Challenges of African Growth: Opportunities, Constraints, and Strategic Directions
by Ndulu, Benno
 
 
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Challenges of African Growth: Opportunities, Constraints, and Strategic Directions
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. "Challenges of African Growth" identifies opportunities, constraints, and strategic choices that African countries face in their quest for achieving the growth necessary for poverty alleviation. More important, the study provides a broad menu of stategic options for ensuring not only that countries embark on a growth path, but also that the growth is shared and sustainable. The critical areas for action rest on four pillars: the investment climate; infrastructure; innovation for increasing productivity and competitiveness; and institutional capacity.


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Title of ebook: Challenges of African Growth: Opportunities, Constraints, and Strategic Directions
ISBN: 9780821368831
parent-ISBN: 9780821368824
Publisher: World Bank Publications
Internet download file size: 1417 kb
Published: 04-2007
Released online for download: 06-20-2007
Author of eBook: Ndulu, Benno
Author: Chakraborti, L.
Author: Lijane, L.
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