BARRIERS TO THE INCLUSIVE GROWTH IN AFRICA AS A DEVELOPING AND EMERGING CONTINENT

Marius Potgieter
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Marius Potgieter: North-West University, South Africa

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: Africa is second largest continent, sadly to say, not the second most developed due to numerous barriers in its path of development and emergence, leaving Africa as one of the world’s most unequal regions. The sectors posing potential to transform Africa are agriculture and industry. Also needed are critical policy interventions addressing specifically income inequality, women’s participation, and gainful employment for young Africans. One major barrier to inclusive growth in Africa is its structural transformation which is still at an early stage, resulting in urban migrants being absorbed into informal activities that offer little prospect of advancement. Africa has to improve its production capabilities and the productivity of its human and physical capital. ‘The High Five’ key operational objectives for developing Africa as an emerging force are: feeding Africa; powering and lighting; regional integration; industrializing Africa, and, improving the quality of life of Africans. The year 2015 marked the conclusion of the Millennium Developmental Goals and the adoption of a new global development agenda, Sustainable Development Goal 2030, calling for government-private sector partnerships and research to turn the goals into reality.

Keywords: INCLUSIVE; GROWTH; AFRICA; DEVELOPMENT; EMERGING CONTINENT (search for similar items in EconPapers)
Date: 2018
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