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Essay Details:
Essay text:
The purpose of this report is to ask which engines of growth can be
activated in sub-Saharan Africa today.
After two decades of stagnation in the continent, discouragement is taking hold. The
focus of policy has shifted further and further away from growth-oriented interventions
towards welfare assistance. Yet, in the long-run, a growth strategy is the most cost-
effective way of dealing with poverty. This is true for two fundamental reasons: first,
growth lifts many of the poor out of poverty; second, it generates the government
revenues necessary for anti-poverty measures. A donor strategy that focuses exclusively
on short-term poverty alleviation is a dead end, condemned to last indefinitely...
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