An African Growth Miracle

By Dani Rodrik. 2016

117 citations recorded by the source corpus.

Africa’s recent growth performance has raised expectations of a bright economic future for the continent after decades of decline. Yet there is a genuine question about whether Africa’s growth can be sustained, and if so, at what level. The balance of the evidence suggests caution on the prospects for high growth. While the region’s fundamentals have improved, the payoffs to macroeconomic stability and improved governance are mainly to foster resilience and lay the groundwork for growth, rather than to generate productivity growth on their own. The traditional engines behind rapid growth, structural change and industrialization, seem to be operating at less than full power. If African countries do achieve growth rates substantially higher, they will have to do so pursuing a growth model that is different from earlier miracles based on industrialization. This might be agriculture-led or services-led growth, but it will look quite different than what we have seen before.

View Paper: https://www.semanticscholar.org/paper/16944ee47f4c9877e53ef395f763d24d729ecd9c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Odongo Kodongo
2. Kalu Ojah

Citations in the corpus

• Does Infrastructure Really Explain Economic Growth in Sub-Saharan Africa? (2016, background): “…rights and contracts, ound monetary and fiscal management, and market-oriented ncentives are important for determining sustainable growth. owever, Rodrik (2014), analyzing the recent high growth in frican economies, argues that although institutional quality an generate greater economic…”