Publication:
Yes Africa Can : Success Stories from a Dynamic Continent

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dc.contributor.authorChuhan-Pole, Punam
dc.contributor.authorAngwafo, Manka
dc.date.accessioned2012-03-19T09:04:20Z
dc.date.available2012-03-19T09:04:20Z
dc.date.issued2011
dc.description.abstractOver the past decade Sub-Saharan Africa has seen a remarkable turnaround in economic performance. After years of stagnation, economic growth has spurted gross domestic product (GDP) grew from an annual average rate of less than 2 percent in 1978-95 to nearly 6 percent over 2003-08. Inflation is half its level of the mid-1990s. Private capital flows have risen to $50 billion, exceeding foreign aid. Exports are growing, as is private sector activity. The number of democratic regimes has risen and the security situation has improved. The poverty rate is falling by 1 percentage point a year. Countries such as Ethiopia, Ghana, Mauritania, and Rwanda are on track to reach many of the millennium development goals. Nine African countries have achieved or are on track to achieve the target for extreme poverty. Among other encouraging trends are more fair and effective leadership, an improving business climate, increasing innovation, a more involved citizenry, and growing reliance on home-grown solutions. More and more, Africans are driving African development. This increased dynamism in Sub-Saharan Africa is evident across a broad swath of countries. It has created optimism that Africa's favorable development performance will be long lasting and that it could dramatically transform countries in the region. Along the way, the prevailing discourse on Africa's economic development has shifted from whether the region will develop to how the region is developing. After a review of the major recent economic developments in Africa, this overview describes the approach and methodology used in the study of African successes.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20110725052017
dc.identifier.doi10.1596/978-0-8213-8745-0
dc.identifier.isbn978-0-8213-8745-0
dc.identifier.urihttps://hdl.handle.net/10986/2335
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDevelopment Achievements
dc.subjectDevelopment challenges
dc.subjectDevelopment progress
dc.subjectLessons
dc.titleYes Africa Can : Success Stories from a Dynamic Continenten
dspace.entity.typePublication
okr.date.disclosure2011-07-25
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20110725052017
okr.guid304221468001788072
okr.identifier.doi10.1596/978-0-8213-8745-0
okr.identifier.externaldocumentum000333038_20110725052017
okr.identifier.internaldocumentum14641423
okr.identifier.report63431
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/07/25/000333038_20110725052017/Rendered/PDF/634310PUB0Yes0061512B09780821387450.pdfen
okr.region.administrativeAfrica
okr.unitOffice of the Chief Economist (AFRCE)
okr.volume1 of 1
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