Africa: Leapfrogging Won't Solve Africa's Economic Woes

analysis

If Africa is to accelerate its economic growth rapidly enough to absorb its huge unemployed pool and reduce poverty, it will first have to abandon two comforting myths.

First, that it can leapfrog the manufacturing stage of economic development that all other successful parts of the world have gone through, and largely rely on growth in the services sector. Second, that the continent's fast-growing population is an advantage over the rest of the world.

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