An African Growth Miracle?

Dani Rodrik

Journal of African Economies, 2018, vol. 27, issue 1, 10-27

Abstract: SSA has grown rapidly over the last decade, but a curious feature of this growth was that it was accompanied by little structural change towards non-traditional tradables (such as manufactures). Now that China, the advanced economies, and most emerging markets are all slowing down, the question whether Africa’s high growth can be sustained looms larger. This article looks at this question from the lens of modern growth theory, paying particular attention to structural issues that are crucial for low-income countries. It comes down on the pessimistic side, due to what appear to be poor prospects for industrialization. This article also considers alternative models of growth, based on services instead of manufactures.

Keywords: Africa; economic growth; economic reform; industrialization (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (32)

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Working Paper: An African Growth Miracle? (2014)
Working Paper: An African Growth Miracle? (2014)
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