English; Paperback; 520 pages; 7x10
Published April 14, 2008 by World Bank
ISBN: 978-0-8213-7277-7; SKU: 17277
Since the mid-1990s, sub-Saharan Africa has experienced an
acceleration of economic growth that has produced rising incomes and
faster human development. However, this growth contrasts with the
continent’s experience between 1975 and 1995, when it largely
missed out on two decades of economic progress. This disparity between
Africa’s current experience and its history raises questions
about the continent’s development. Is there a turnaround in
Africa’s economy? Will growth persist?
Africa at a Turning Point? is a collection of essays that
analyzes three interrelated aspects of Africa’s recent revival.
The first set of essays examines Africa’s recent growth in the
context of its history of growth accelerations and collapses. It seeks
to answer such questions as, is Africa at a turning point? Are the
economic fundamentals finally pointing toward more sustainable growth?
The second set of essays looks at donor flows, which play a large role
in Africa’s growth. These essays focus on such issues as the
management and delivery of increased aid, and the history and
volatility of donor flows to Africa. The third set of essays considers
the recent impact of one persistent threat to sustained growth in
Africa: commodity price shocks, particularly those resulting from
fluctuations in oil prices.