Is growth in Africa sustainable?

[Dingswayo]

[h=5]The Nordic Africa Institute

[/h][h=5] Is growth sustainable?

Swedish Minister for Finance, Anders Borg, attended a NAI workshop on African Economic Growth. Among the invited guests were former head of UNRISD Thandika Mkandawire and on link to Washington the chief economist of the World Bank’s Africa unit, Shanta Devarajan.

NAI cluster leader Mats Hårsmar moderated the conference.

Growth continues to be very impressive in many parts of Africa. But we have not seen enough of the structural transformation needed for making growth sustainable in the longer run.

Growth has to become much more inclusive. Our discussion focused primarily on the governance challenges that this implies.

Progress is made, but much still remains in terms of poverty reduction, dealing with rising inequalities and creating jobs for the 7-10 million young people that enter the African labor force every year.

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[Muya Kamota]

Is growth sustainable in africa is too wide and too vague of a question Mkuu Dingswayo -Chief of Mtetwa Kingdom (nearby Kwabulawayo Kingdom of the Zulu Kraal). Africa is way too big to try and generalize anything about it. Some countries have been able to sustain their groth over time while others have failed miserably.

All in all this querstion needs to be narrowed down to a specific country or region of the continent.

By the way say hello to Chief Mangosuthu wa Butelezi.

 

[bollywood]

The answer is NO. African economies depend on foreign aid and as Europe and America continue to struggle economically so will Africa eventually. It's only a matter of time. Unless things improve drastically in Europe and America which I do not foresee.