Economic Report on Africa 2011

Governing Development in Africa - The Role of the State in Economic Transformation

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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.



Africa’s Need for a Developmental State: Opportunities and Challenges

The recent global economic crisis (stemming from market failure), the rise of China, East Asia and some Latin American countries as newly industrialized nations, and Africa’s solid decade-long economic performance have rekindled discussion on the role and nature of the state in the development process. The state has been pivotal in reviving the economies of many Western countries with bailout packages for banks, the automobile industry and other parts of manufacturing, massive investment in the social sector and expansion of social security for the unemployed.


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