GrowthStrategiesforAfricainaChangingGlobalEnvironment.pptVIP

Growth Strategies for Africa in a Changing Global Environment Danny Leipziger and Shahid Yusuf Growth Dialogue Washington DC What is different now: on the upside Africa has growth momentum. Many countries have achieved macroeconomic stability. Demand for mineral wealth is strong. South –south trade on upward trend. Chinese and other FDI helping to promote mineral sector and infrastructure development. Advantages of a ‘late starter’ likely to be buoyed by transfer of industry from East Asia. What is different now: worrisome trends and challenges Industrial growth is lagging, and share in GDP d