Rwanda's Prosperous Economic Upgrade: from Genocide to a Fast-Growing Economy

Marina Popa and Daniela Bețco

CSIE Working Papers, 2020, issue 15, 34-44

Abstract: After the Genocide from 1994, Rwanda has shown surprising economic growth with a steady annual increase of GDP of 8%. This success was due to the determined government policies involving investment in health and education and energetic implementation with the support of developed partners. The main goal of this research is to analyze the economic progress and how a change in the governance of the country managed to have a positive impact on Rwanda's evolution over time. Rwanda's progress doesn't stop here, as the president want to transform the country into an upper middle-income by 2035 with a per capita income of $4.035 and into a high-income country by 2050 with a per capita income of $12.476. The methods used in this research paper are: conceptual analysis; observational trial based on a longitudinal approach; quantitative research. Even though Rwanda is one of the smallest countries from Africa, with good governance and by implementing the right policies, it managed to become one of Africa's fastest-growing economies. As follows, the main purpose of this paper is to emphasize the progress of a poor country gaining a significant role in the economy of the African continent.

Keywords: Rwanda; genocide; fast-growing economy; GDP growth; export-import; Vision 2050 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aem:wpaper:y:2020:i:15:p:34-44

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