African economic growth Archives

Economic Trends 2000-2020 by Dirk Bol March 2021 Introduction In this paper I intend to review Africa’s economic progress since the year 2000, so two decades. When I say Africa I mean Sub-Saharan Africa (SSA), 47 to 49 countries excluding the five North African ones (but including Somalia without data and South Sudan with little data). Africa (SSA) today accounts for around 14% of the world’s population, but only about 2% of global GDP. In the first part I review data with respect to the economic development of the continent during the last two decades, 2000-2020, with respect to economic growth, poverty, and the structure of the economy. This overview ends at the end of 2019, so does not include the corona crisis nor locust plague or other calamities (ethnic confict Ethiopia, ISIS i...

In the period since independence in the 1950s, Africa has undergone profound social, cultural, economic and political changes. Some inherited and historically rootless colonialist political and social systems have collapsed, been transcended and reconstituted. Different political systems – single party rule, personal rule and military governments have come and gone. New post-independence political and social systems; economic institutions, professional associations and labour unions, various types - traditional and new and varied cultural expressions have all emerged. Creative efforts to foster effective nation-building, develop a sense of belonging and manage diversity productively have also been made. New political systems, different forms of electoral democracy and democratic governme...

Tag: African economic growth

Successful Development In Africa

Liberated Africa: Pathways to Self-Transformational Development