Africa's Lions, Growth Traps and Opportunities for Six African Economies, Growth Traps and Opportunities for Six African Economies

Author

Bhorat ; Haroon

Year

2016

Publisher

Brookings Institution Press

Language

English

Pages

ISBN

978-0-81572-949-5

Link

Last Update

11-Jun-2025

Keywords

Political Science ; Economics

Description

Historically, the African continent has been largely dismissed as a case of regional economic delinquency, with the levels of growth necessary to reduce poverty and in equality deemed to be consistently unattainable. In the last decade, however, significantly higher levels of economic growth have ushered in a new era to the region, suggesting it may, potentially, serve “as the final growth frontier with the last of the great untapped markets, ripe for rapid growth and development” (Bhorat and others 2015a). Data from The Economist and the International Monetary Fund (2011) support these assertions, as six of the fastest growing economies...