Economic Report on Africa 2011

Governing Development in Africa : the Role of the State in Economic Transformation

• Author(s): United Nations, African Union,
• Publisher: United Nations Economic Commission for Africa
• Pages: 130
• ISBN_10: 9211251168
  ISBN_13: 9789211251166
  
• Language: en
• Categories: Business & Economics / Economic Conditions , Business & Economics / International / General , Business & Economics / Reference , Business & Economics / Development / Economic Development , Business & Economics / Economics / General , Business & Economics / Development / Sustainable Development , Political Science / International Relations / Diplomacy , Political Science / Intergovernmental Organizations ,

Description:... Many African economies are still characterised 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.