Growth Strategies for Africa in a Changing Global Environment

The purpose of this paper is to sketch a strategy for African late  starters. It identifies the key objectives and the mix of policy initiatives  appropriate for a post‐financial‐crisis environment where South‐South  trade and capital flows are taking on a greater salience. In sketching this  framework, the paper will draw upon the empirical work that is helping spell  out  the  constants  in  growth  economics,  and  what  our  new  knowledge  suggests  are  the  changes  that  need  to  be  factored  into  policies.

Photo: John Hogg/World Bank

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