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

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  • Benno J. Ndulu

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.

Suggested Citation

  • Benno J. Ndulu, 2007. "Challenges of African Growth : Opportunities, Constraints, and Strategic Directions," World Bank Publications - Books, The World Bank Group, number 6656.
    • Handle: RePEc:wbk:wbpubs:6656
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    References listed on IDEAS

    as
    1. Van Biesebroeck, Johannes, 2005. "Firm Size Matters: Growth and Productivity Growth in African Manufacturing," Economic Development and Cultural Change, University of Chicago Press, vol. 53(3), pages 545-583, April.
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    3. Wellenius, Bjorn & Foster, Vivien & Malmberg-Calvo, Christina, 2004. "Private provision of rural infrastructure services: competing for subsidies," Policy Research Working Paper Series 3365, The World Bank.
    4. World Bank, 2004. "Investment Climate Assessment : Improving Enterprise Performance and Growth in Tanzania," World Bank Publications - Reports 14413, The World Bank Group.
    5. Shahid Yusuf, 2003. "Innovative East Asia : The Future of Growth," World Bank Publications - Books, The World Bank Group, number 15158.
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