Sub-Saharan Africa’s trade flows increased sharply, multiplying by a factor of five over the past 20 years. Is this boom built on commodities only? Deputy Director of the IMF’s African Department, Roger Nord’s answer is no ! Many countries have increased their integration in global value chains. But, it is also clear that sub-Saharan Africa still has some way […]
New report says African countries must tap global markets more effectively if they are to strengthen their economies
African countries could take a big step forward economically by participating more effectively in the global production of goods and services. That’s according to the latest African Economic Outlook, a report produced annually by the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP).
Africa’s recent economic success in a European mirror: a historical perspective on avoiding ‘growth reversals’ and achieving sustained growth
LSE’s Leigh Gardner and Stephen Broadberry examine European history for indications on how African countries can sustain the current economic boom. The last two decades have been good for many African economies. The pace of economic growth has increased, while the number of conflicts has decreased and technological advances have provided new opportunities for African producers. What this will mean […]
LSE alumnus Waiswa Nkwanga argues that the only way African countries can sustain economic growth is by building a strong manufacturing industry. Too much of the economic analysis on Africa recently has focused on the continent’s relatively impressive growth rates driven by a consumption boom, improved governance and economic management as well as surging commodity prices. But almost no one […]
For the last decade, Rwanda has been one of the fastest-growing economies in the world. But it now needs new sources of growth.
This video was produced by the International Growth Centre based at LSE.
Leadership in true service will be the transforming force of Africa’s development #LSEAfricanLeadership
Dinah Hanson was part of the inaugural class of LSE’s Programme for African Leadership (PfAL). In this post, Dinah reflects on power of an individual and a collective for change. Of Africa I Dream… -‘There is nothing more powerful than an idea whose time has come’– The Africa of my dreams tells a tale of two cities; of day and […]
LSE’s Francesca Washtell reviews the “stimulating” inaugural African Development Forum at SOAS. On Tuesday May 29, SOAS hosted its inaugural African Development Forum, organised and managed by a group of nine postgraduate students in the Development Studies department. The theme was “Africa: Driving Its Own Growth” and an impressive array of speakers explored this theme from both business and academic perspectives. […]
LSE alumnus Kwame Marfo argues that Ghana’s economic progress is a miracle to be savoured. This post originally appeared on the Neo African Consensus blog. 2011 was a turbulent year. The Arab Spring brought down formidable military despots in the Middle East. Japan was devastated by a triple whammy of earthquake, tsunami and nuclear meltdown. The United States narrowly dodged […]
As China’s economic growth continues to slow down, should Africa be worried? LSE’s China-Africa expert, Dr Chris Alden gives his point of view. We’ve been hearing today about China’s economic growth slowing even further at the end of 2011, triggered by the Asian country’s inflation and the plunge of European demand. The fourth quarter’s growth of 8.9 % took 2011’s […]