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Can Africa Claim the 21st Century?

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World Bank (WB)

Abstract: Major changes are needed if Africans and their children are to claim the 21st century. With the rapidly growing population, 5 percent annual growth is needed simply to keep the number of poor from rising. Halving severe poverty by 2015 will require annual growth of more than 7 percent, along with a more equitable distribution of income. Trends in Africa will need to change radically for a catch-up process to materialize. This will require determined leadership within Africa. It will require better governance developing stable and representative constitutional arrangements, implementing the rule of law, managing resources transparently, and delivering services effectively to communities and firms. It will require greater investment in Africas people as well as measures that encourage private investment in infrastructure and production. And it will require better support and perhaps more support from the international development community. In facing these challenges, Africa has enormous potential including the potential of its women, who now provide more than half of the regions labor but lack equal access to education and factors of production. This report brings together the recent body of work particularly that emanating from Africa itself to show how some African countries are approaching common issues. African economies and sub-regions are diverse and each will have to find its way to address the challenges of the 21st century.
Type: Book
Publications & Research :: Publication
Publications & Research
Link: 978-0-8213-4495-8
http://hdl.handle.net/10986/22962
Subject: ECONOMIC CIRCUMSTANCES
CAPITAL MARKETS
FISH
UNEMPLOYMENT RATES
STRUCTURAL ADJUSTMENT
ECONOMIC GROWTH
ENVIRONMENTAL PROTECTION
POLICY ENVIRONMENT
ENVIRONMENTAL DEGRADATION
AGRICULTURAL PRODUCTION
EXPECTATIONS
ECONOMIC CONSEQUENCES
MARKET FACTORS
PRODUCERS
RESOURCE MANAGEMENT
PROPERTY RIGHTS
BALANCE OF PAYMENTS
ECONOMIC PROCESSES
FINANCIAL RESOURCES
RESOURCE ALLOCATION
LABOR FORCE
MARGINAL PRODUCT
POLITICAL ECONOMY
EFFECTIVE STRATEGY
REVENUES
ECONOMIC PROBLEMS
INCENTIVES
AGRICULTURAL PROTECTION
ENVIRONMENTAL RESOURCES
EQUILIBRIUM
SOIL PRODUCTIVITY
PRODUCTIVE RESOURCES
MODELS
REAL WAGES
SUSTAINABLE DEVELOPMENT
CONDITIONALITY
AGRICULTURAL OUTPUT
CDF
ECONOMIC ANALYSIS
DEVELOPED COUNTRIES
AUDITS
RESOURCE USE
ECONOMIC ACTIVITY
PRESENT VALUE
FISCAL POLICIES
OIL PRICES
CLIMATIC CONDITIONS
EXPLOITATION
ARABLE LAND
COMMUNAL PROPERTY
LABOR COSTS
OIL
INPUT USE
FOOD POLICY RESEARCH
NATURAL CAPITAL
POPULATION GROWTH
IRREVERSIBILITY
CAPITAL FORMATION
FIXED COSTS
OPTIONS
LABOR PRODUCTIVITY
EXTERNALITIES
QUOTAS
MARKET LIBERALIZATION
DEBT
ALLOCATIVE EFFICIENCY
CENTRAL GOVERNMENTS
FORESTRY
LAND RESOURCES
WELFARE GAINS
ECONOMIC POLICIES
DIVIDENDS
NATURAL RESOURCES
ECONOMIC SPECIALIZATION
METALS
SUBSIDIES
EFFICIENCY
FOOD PRODUCTION
TAXES
ACCESS TO INFORMATION
LAND USE
CAPITAL CONSTRAINTS
EFFECTIVE USE
GOVERNMENT SECURITIES
RESOURCES
NATURAL MONOPOLIES
UNEMPLOYMENT
POTENTIAL INVESTORS
DEREGULATION
DEMOGRAPHIC TRANSITION
EQUITY
PRODUCTIVITY GROWTH
CONSUMPTION
TECHNOLOGICAL CHANGE
ECONOMIC IMPACT
RURAL COMMUNITIES
WAGES
ECONOMIC BEHAVIOR
VALUES
INDUSTRIAL EXPANSION
ECONOMIC POLICY REFORM
CREDIT
QUALITY STANDARDS
PURCHASING POWER
DEFORESTATION
DEMAND
NATIONAL INCOME
MINES
SUSTAINABLE GROWTH
PRICE CHANGES
ENVIRONMENTS
EXPENDITURES
PUBLIC GOVERNANCE
PROPERTY
TAX RATES
AGRICULTURAL SYSTEMS
TRANSACTION COSTS
ENVIRONMENT
SOIL DEGRADATION
ECONOMICS
TERMS OF TRADE
SECURITIES
TAX REVENUE
CAPITAL GOODS
NATURAL RESOURCE BASE
FISHERIES
ECONOMIC FACTORS
ECONOMIC DEVELOPMENT
TRADE
LAND
LAND PRODUCTIVITY
ECONOMIES OF SCALE
COMPARATIVE ANALYSIS
TRADE TAXES
COMMERCIAL BANKS
COMPARATIVE ADVANTAGE
FARMS
ECOLOGY
COMPETITIVE MARKETS
OIL RESERVES
AGRICULTURAL SUBSIDIES
REVENUE
PRIVATE CONSUMPTION
RISK MANAGEMENT
WILLINGNESS TO ACCEPT
ECONOMISTS
INTERMEDIATE INPUTS
PROFITS
PRODUCTION PATTERNS
ENVIRONMENTAL
LABOR MARKETS
APPROPRIATE TECHNOLOGY
PUBLIC GOOD
PRICES
DEMOGRAPHICS
ECONOMIC CONDITIONS
ECONOMIES
PUBLIC GOODS
COMPETITION
ENVIRONMENTAL POLICIES




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