Restarting and sustaining growth and development in Africa

This paper develops a framework for considering how economic growth and development can be restarted and sustained in Africa. The framework has three themes -- politics and institutions, macroeconomic management, and enhancing productivity. According to the study, African governments can begin to overcome regression and decline on a sustained basis by emphasizing five issues: public sector restraint; increased public sector savings; improved institutions; measures by which African countries can gain from globalization; and pro-active steps to end aid dependence. Focusing on these matters will help African governments simplify their development agendas and constructively engage the public sector in the task of promoting growth and development. (Author abstract, modified)