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Challenges of African growth: opportunities, constraints, and strategic directions

Author: Ndulu, Benno J. Publisher: World Bank Publications 2007.Language: EnglishDescription: 252 p. ; 22 cm.ISBN: 0821368826Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HC500.2 .N38 2007
(Browse shelf)
Available 001212285
Total holds: 0

Includes bibliographical references and index


Challenges of African Growth Opportunities, Constraints, and Strategic Directions Contents Foreword Acknowledgments Executive Summary Abbreviations xi xiii xv xxi 1 Facing the Challenges of African Growth: Opportunities, Constraints, and Strategic Directions Poverty in Africa: Largely a Growth Challenge Breaking Out of the Low-Growth Syndrome A Daunting Task but a Real Possibility The Report: An Overview Notes 1 4 9 11 31 2 Africa's Long-Term Growth Experience in a Global Perspective Evolution Benchmarking against Asian Economies Diversity across Africa Sectoral Composition Conclusions Notes 33 35 37 39 53 55 56 3 Explaining the African Growth Record: What Appears to Matter Most Sources of Economic Growth: Lessons from Growth Accounting 57 58 Vi CHALLENGES OF AFRICAN GROWTH Doing Business in Africa: The Investment Climate Transaction Costs, Risk, Capacity Indigenous Entrepreneurs and Minority-Owned Firms Benchmarking of Growth Conditions in African Countries Conclusions Notes 66 75 78 97 97 4 Constraints to Growth Africa's Unfavorable Endowments: A Constraint to Growth but Not a Predicament Natural Resources--Curse and Potential Risks and Uncertainty Weak Institutional Capacity The Financial Sector as a Constraint to Growth Low Savings Conclusions Notes 99 100 116 118 130 130 136 141 142 5 Tackling the Challenges of African Growth Lessons from a Half-Century of Africa's Growth Experience Changing Contexts and Emerging Opportunities The Changing International Economic Environment New Opportunities and New Challenges Opportunities and Options for Growth Strategies Key Strategic Challenges Mobilizing Resources for Growth Conclusions Notes 143 145 148 151 154 156 188 199 200 Appendix: Empirical Analysis of Influential Factors of Growth in Africa Estimating the Growth Model Influential Factors of Growth and Data Results Notes Bibliography Index 203 203 205 214 217 219 237

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