Yes Africa Can : Success Stories from a Dynamic Continent

Over 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...

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Main Authors:	Chuhan-Pole, Punam, Angwafo, Manka
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	Development Achievements Development challenges Development progress Lessons
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20110725052017 http://hdl.handle.net/10986/2335

id	okr-10986-2335
recordtype	oai_dc
spelling	okr-10986-23352021-04-23T14:02:01Z Yes Africa Can : Success Stories from a Dynamic Continent Chuhan-Pole, Punam Angwafo, Manka Development Achievements Development challenges Development progress Lessons Over 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. 2012-03-19T09:04:20Z 2012-03-19T09:04:20Z 2011 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20110725052017 978-0-8213-8745-0 http://hdl.handle.net/10986/2335 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	Development Achievements Development challenges Development progress Lessons
spellingShingle	Development Achievements Development challenges Development progress Lessons Chuhan-Pole, Punam Angwafo, Manka Yes Africa Can : Success Stories from a Dynamic Continent
geographic_facet	Africa
description	Over 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.
format	Publications & Research :: Publication
author	Chuhan-Pole, Punam Angwafo, Manka
author_facet	Chuhan-Pole, Punam Angwafo, Manka
author_sort	Chuhan-Pole, Punam
title	Yes Africa Can : Success Stories from a Dynamic Continent
title_short	Yes Africa Can : Success Stories from a Dynamic Continent
title_full	Yes Africa Can : Success Stories from a Dynamic Continent
title_fullStr	Yes Africa Can : Success Stories from a Dynamic Continent
title_full_unstemmed	Yes Africa Can : Success Stories from a Dynamic Continent
title_sort	yes africa can : success stories from a dynamic continent
publisher	World Bank
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20110725052017 http://hdl.handle.net/10986/2335
_version_	1764385280087818240

Yes Africa Can : Success Stories from a Dynamic Continent

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