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Tag Archives: economic development
What’s driving Africa’s growth?
Many African countries are still facing serious challenges, including poverty, disease, and high infant mortality. At the same time, the continent is among the world’s most rapidly growing economic regions. Africa’s collective GDP, at US$1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s.
Soaring prices for oil, minerals, and other commodities have helped ... more »
Roots of prosperity
In the Booz & Company ‘Strategy and Business’ magazine (autumn 2009) , Hubbard and Duggan have published an interesting article on the roots of prosperity, in which they claim that although no two countries have followed identical paths, there is a universal pattern: Nations rise out of poverty when elements of a thriving business sector replace ... more »
Africa’s growth prospects by sector