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African Growth Episodes World Development Tagged Articles



2.6 References: Economic Report on Africa 2007
References

Other African Growth Episodes World Development Related Articles

African Digerati: Emeka Okafor
Emeka Okafor is the first in the African Digerati series of interviews. He is a well established member of the African blogosphere, a leading thinker, and a doer. Not mentioned in this interview is the fact that he is also managing and coordinating one of the world’s top technology conferences that will be in Africa for the first time this year: TED Global. He has made a huge impact on me, and I believe his blogs should be considered regular reading for anyone interested in technological development in Africa.
2.0 Recent Economic Performance in Africa and Prospects for 2007: Economic Report on Africa 2007
African countries still face the critical challenge of raising the rate of GDP growth and sustaining high growth rates over an extended period in order to accelerate progress towards meeting the Millennium Development Goals (MDGs). While growth has recovered over the past few years, very few countries have achieved and maintained the growth rates necessary to reduce poverty. Africa still tails behind other regions in most measures of human development.
9.0 Conclusions: Entrepreneurship and Small Business Enterprise Growth in Uganda
As the world turns global, many countries are emerging out of the abject poverty into wealth. South Korea and Singapore are classical examples. In the 1960's, South Korea's per capital GDP was similar to that of Uganda. South Korea is now among the developed countries. Uganda is still characterised by massive poverty. The only way to transform Uganda and many African countries is to fuel growth through business development. Given the global competition, Africa may not be able to position herself competitively as a world class competition but must foster the growth of businesses through micro and small enterprises. Many donor funding agencies have identified this and have focused their attention to this sector.
4.0 Diversification trends in Africa: Economic Report on Africa 2007
The diversification of African economies is one way through which the recent economic growth achievements could be sustained. Africa’s economic transformation can be achieved through both horizontal and vertical diversification. In addition, such diversification will help to build competitive economies that can productively be integrated into the global economy. Diversification is therefore a pre-condition if Africa is to register accelerated development. The scaling-up of current real growth to desired levels and in a broad manner can also be sustained if there is deepening in the diversification of African economies.
5.2 Is it factor accumulation or total factor productivity that drives growth in Africa?: Economic Report on Africa 2007
To investigate the link between growth and diversification, it was important to first quantify the contribution of TFP to economic growth. This section analyses the sources of growth for African countries using the standard growth accounting method, making it possible to disaggregate the shares of growth contributed by TFP, capital and labour. Growth in output is the sum of the growth in capital, labour and TFP. Capital accumulation is an essential element in the growth process, as it enlarges the economy’s capacity to produce. Increases in labour or labour force have traditionally been considered a positive factor in stimulating economic growth.
New Partnership for Africa’s Development
The New Partnership for Africa’s Development (NEPAD) was adopted as the continent’s main development framework at a July 2001 summit meeting of African heads of state. According to NEPAD, attainment of Africa’s long-term development goals is anchored in the determination of African peoples “to extricate themselves and the continent from the malaise of underdevelopment and exclusion in a globalizing world.”
Sustained growth with equity is needed to halve poverty in Africa
Researchers predict that many African countries will not reach the Millennium Development Goal (MDG) target of halving extreme poverty by 2015. Will accelerated economic growth or better income distribution be most helpful in getting African countries get back on track to achieve the MDG poverty target?

Is Africa Choking on its own development?
Majority of African countries have reported increased economic growth rates over the past year signalling a wave of new foreign direct investments on the continent. This is good news given that increased returns from such investments will fuel Africa’s quest for development. However, this has had some negative connotations because benefits of such growth are not visible in major cities across Africa.

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Black Women,Is Oprah The Only African American Woman Entrepreneur America Will Allow Success? How African-American Women Entrepreneurs Can Capitalize In The Business World Now that We Have The 1st African American First Lady As An Example
The African Market: Challenges for SMEs and Responses
In the presentation of WUSME World Union of SMEs on 20th May 2011 at the VI.African Summit, chaired by the former President of the Federal Republic of Nigeria H.E. Obasanjo, the market trends and opportunities for Micro- Small and Medium Enterpriseswere summarized as follows: Focusing on the economic development in the „Danger Zones” of the African Continent, the Sub Saharan Countries remain a challenge and urgently need to be addressed. These are the African Savanna and Sahel: Niger, Sierra Leone, Mali, Burkina Faso, Guinea-Bissau, Central African Republic, Chad, northern Uganda, Ethiopia and Somalia.

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