BACK ON TRACK: SECTOR-LED GROWTH IN AFRICAN AND IMPLICATIONS FOR DEVELOPMENT (HB) (COMING SOON)

This book is a reflection of the generally held view that past and current development strategies have not worked for Africa and that new research-based thinking is urgently needed to put the Continent s long delayed growth back on track. It provides a thorough theoretical and empirical investigation of the validity of the usually hypothesized dimensions of economic growth. To this end, the causal relationships between each key sector s activity and economic growth are analyzed across the chapters by more than twenty researchers whose collective goal is attainment of improved African economic performance and, perhaps, a new development paradigm. Specific attention is given to trade and the external sector, agriculture, industry, mining, tourism, energy, telecommunications, finance, external debt, fiscal policy and regional integration. The analysis is also extended to institutional factors in policy formulation and theoretical modeling of very long-term growth. The insights that emerge