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Towards a Growth Strategy for Africa

Marcel Fafchamps, Francis Teal, and John Toye

REP/2001-06

Centre for the Study of African Economies
Department of Economics, University of Oxford
Manor Road Building, Oxford OX1 3UQ, United Kingdom
csae.enquiries@Economics.ox.ac.uk
November 2001



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Executive Summary

Now that China and India have found ways of growing out of poverty, attention has again
turned to Africa. The purpose of this report is to ask which engines of growth can be
activated in sub-Saharan Africa today.

After two decades of stagnation in the continent, discouragement is taking hold. The
focus of policy has shifted further and further away from growth-oriented interventions
towards welfare assistance. Yet, in the long-run, a growth strategy is the most cost-
effective way of dealing with poverty. This is true for two fundamental reasons: first,
growth lifts...

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Title: Business Strategies In Africa
Approximate word count: 42801
Approximate pages: 172 (250 words per double-spaced page)

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