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Economic Report on Africa 2000

Transforming Africa’s Economies

image of Economic Report on Africa 2000

Many African economies are still characterized by a heavy reliance on the primary sector, high vulnerability to external shocks, jobless growth and slow progress towards social development. It is essential for African countries to promote economic diversification and structural transformation as a means to accelerate and sustain broad-based and shared high-employment-generating growth. This Report highlights that failure of earlier state-led and market-driven approaches to promoting economic transformation points to the need for fostering long-term investment, rapid and sustained economic growth, equity and social development within inclusive, transparent and comprehensive development frameworks.

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Acknowledgements

A team led by Ali Abdel Gadir Ali (director, Economic and Social Policy Division until August 2000) and Patrick K. Asea (current director) prepared this report. Befekadu Degefe, Alemayehu Seyoum, Abebe Shemelis, Ben Linkow, Omar Galárraga, Geoffrey Mwau, Derrese Degefa, Shu-Shu Teklehaimanot, Shewaye Woldeyes, and Azeb Woldemariam served as full-time members of the team. Others on the team included Cornelius Mwalwanda, Aissatou Gueye, Jean Thisen, Sam Cho, Hilary Nwokeabia, Galal A. Ramadan, Elizabeth Woldemariam, Adrian Gauci, and Oliver Paddison. George Alibaruho worked closely with the team throughout the process. The work was carried out under the general direction of Executive Secretary K.Y. Amoako.

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