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Can Africa Claim the 21st Century?

ECONOMIC CIRCUMSTANCES CAPITAL MARKETS FISH UNEMPLOYMENT RATES STRUCTURAL ADJUSTMENT ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT ENVIRONMENTAL DEGRADATION AGRICULTURAL PRODUCTION EXPECTATIONS ECONOMIC CONSEQUENCES MARKET FACTORS PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS ECONOMIC PROCESSES FINANCIAL RESOURCES RESOURCE ALLOCATION LABOR FORCE MARGINAL PRODUCT POLITICAL ECONOMY EFFECTIVE STRATEGY REVENUES ECONOMIC PROBLEMS INCENTIVES AGRICULTURAL PROTECTION ENVIRONMENTAL RESOURCES EQUILIBRIUM SOIL PRODUCTIVITY PRODUCTIVE RESOURCES MODELS REAL WAGES SUSTAINABLE DEVELOPMENT CONDITIONALITY AGRICULTURAL OUTPUT CDF ECONOMIC ANALYSIS DEVELOPED COUNTRIES AUDITS RESOURCE USE ECONOMIC ACTIVITY PRESENT VALUE FISCAL POLICIES OIL PRICES CLIMATIC CONDITIONS EXPLOITATION ARABLE LAND COMMUNAL PROPERTY LABOR COSTS OIL INPUT USE FOOD POLICY RESEARCH NATURAL CAPITAL POPULATION GROWTH IRREVERSIBILITY CAPITAL FORMATION FIXED COSTS OPTIONS LABOR PRODUCTIVITY EXTERNALITIES QUOTAS MARKET LIBERALIZATION DEBT ALLOCATIVE EFFICIENCY CENTRAL GOVERNMENTS FORESTRY LAND RESOURCES WELFARE GAINS ECONOMIC POLICIES DIVIDENDS NATURAL RESOURCES ECONOMIC SPECIALIZATION METALS SUBSIDIES EFFICIENCY FOOD PRODUCTION TAXES ACCESS TO INFORMATION LAND USE CAPITAL CONSTRAINTS EFFECTIVE USE GOVERNMENT SECURITIES RESOURCES NATURAL MONOPOLIES UNEMPLOYMENT POTENTIAL INVESTORS DEREGULATION DEMOGRAPHIC TRANSITION EQUITY PRODUCTIVITY GROWTH CONSUMPTION TECHNOLOGICAL CHANGE ECONOMIC IMPACT RURAL COMMUNITIES WAGES ECONOMIC BEHAVIOR VALUES INDUSTRIAL EXPANSION ECONOMIC POLICY REFORM CREDIT QUALITY STANDARDS PURCHASING POWER DEFORESTATION DEMAND NATIONAL INCOME MINES SUSTAINABLE GROWTH PRICE CHANGES ENVIRONMENTS EXPENDITURES PUBLIC GOVERNANCE PROPERTY TAX RATES AGRICULTURAL SYSTEMS TRANSACTION COSTS ENVIRONMENT SOIL DEGRADATION ECONOMICS TERMS OF TRADE SECURITIES TAX REVENUE CAPITAL GOODS NATURAL RESOURCE BASE FISHERIES ECONOMIC FACTORS ECONOMIC DEVELOPMENT TRADE LAND LAND PRODUCTIVITY ECONOMIES OF SCALE COMPARATIVE ANALYSIS TRADE TAXES COMMERCIAL BANKS COMPARATIVE ADVANTAGE FARMS ECOLOGY COMPETITIVE MARKETS OIL RESERVES AGRICULTURAL SUBSIDIES REVENUE PRIVATE CONSUMPTION RISK MANAGEMENT WILLINGNESS TO ACCEPT ECONOMISTS INTERMEDIATE INPUTS PROFITS PRODUCTION PATTERNS ENVIRONMENTAL LABOR MARKETS APPROPRIATE TECHNOLOGY PUBLIC GOOD PRICES DEMOGRAPHICS ECONOMIC CONDITIONS ECONOMIES PUBLIC GOODS COMPETITION ENVIRONMENTAL POLICIES
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Washington, DC
Africa | Africa
2015-11-16T17:50:57Z | 2015-11-16T17:50:57Z | 2000-04-30

Major changes are needed if Africans and their children are to claim the 21st century. With the rapidly growing population, 5 percent annual growth is needed simply to keep the number of poor from rising. Halving severe poverty by 2015 will require annual growth of more than 7 percent, along with a more equitable distribution of income. Trends in Africa will need to change radically for a catch-up process to materialize. This will require determined leadership within Africa. It will require better governance developing stable and representative constitutional arrangements, implementing the rule of law, managing resources transparently, and delivering services effectively to communities and firms. It will require greater investment in Africas people as well as measures that encourage private investment in infrastructure and production. And it will require better support and perhaps more support from the international development community. In facing these challenges, Africa has enormous potential including the potential of its women, who now provide more than half of the regions labor but lack equal access to education and factors of production. This report brings together the recent body of work particularly that emanating from Africa itself to show how some African countries are approaching common issues. African economies and sub-regions are diverse and each will have to find its way to address the challenges of the 21st century.

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