03 December 2011

Inclusive Growth ~ AfDB on Africa in 50 Years...

Thanks to Harvard colleague Calestous Juma's recent IMF Finance & Development piece Africa’s New Engine for spotlighting the African Development Bank (AfDB) report, Africa in 50 Years’ Time: The Road Towards Inclusive Growth. As Calestous writes...
"The forces of globalization -- trade interdependence, connectivity, and mobility -- offer Africa new opportunities for growth and open up the potential for trade with the rest of the world. Political and economic policy changes begun more than a decade ago are stirring optimism. Combined investment in infrastructure and technical training will support technology-based companies with the dynamism needed to propel economic prosperity. The emergence of such firms will in turn stimulate innovation in the financial sector, leading to growth in domestic venture funding activities. As Africa’s middle class grows, policymakers should place a premium on regional economic integration and the associated investment in infrastructure, technical training, and support of entrepreneurs. Investing in consumers will bring prosperity to Africa -- and not just for the middle class."
The AfDB's report includes compelling summary charts of transformation...

No comments: