Yes, Africa Can: Success Stories from a Dynamic Continent

作者: Manka Angwafo , Punam Chuhan-Pole

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摘要: Over the past decade Sub-Saharan Africa has seen a remarkable turnaround in economic performance. After years of stagnation, growth spurted gross domestic product (GDP) grew from an annual average rate less than 2 percent 1978-95 to nearly 6 over 2003-08. Inflation is half its level mid-1990s. Private capital flows have risen $50 billion, exceeding foreign aid. Exports are growing, as private sector activity. The number democratic regimes and security situation improved. poverty falling by 1 percentage point year. Countries such Ethiopia, Ghana, Mauritania, Rwanda on track reach many millennium development goals. Nine African countries achieved or achieve target for extreme poverty. Among other encouraging trends more fair effective leadership, improving business climate, increasing innovation, involved citizenry, growing reliance home-grown solutions. More more, Africans driving development. This increased dynamism evident across broad swath countries. It created optimism that Africa's favorable performance will be long lasting it could dramatically transform region. Along way, prevailing discourse shifted whether region develop how developing. review major recent developments Africa, this overview describes approach methodology used study successes.

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