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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

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    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. 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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    4. 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.
    5. Gemechu Ayana Aga & Christian Eigen-Zucchi & Sonia Plaza & Ani Rudra Silwal, 2013. "Migration and Development Brief, No. 20," World Bank Publications - Reports 17020, The World Bank Group.
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    Cited by:

    1. Nihal Bayraktar & Hippolyte Fofack, 2018. "A Model for Gender Analysis with Informal Production and Financial Sectors," Journal of African Development, African Finance and Economic Association (AFEA), vol. 20(2), pages 1-20.
    2. Hippolyte Fofack, 2014. "The Idea of Economic Development: Views from Africa," WIDER Working Paper Series wp-2014-093, World Institute for Development Economic Research (UNU-WIDER).
    3. Fofack, Hippolyte, 2014. "The idea of economic development: Views from Africa," WIDER Working Paper Series 093, World Institute for Development Economic Research (UNU-WIDER).

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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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