New prospects for private sector led trade, investment, and economic development in sub-Saharan Africa

After 2 decades of declining economic performance, sub-Saharan Africa is currently staging a promising recovery. Over the past several years, average real economic growth in the region has increased significantly while, in a growing number of countries, real GDP per capita has been positive. In 1998...

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Bibliographic Details
Published inGeorgetown journal of international law Vol. 30; no. 4; p. 637
Main Authors Williamson, Irving, D'Alessandro, Stephen
Format Journal Article
LanguageEnglish
Published Washington Georgetown University Law Center 01.07.1999
Subjects
Debt restructuring
Economic development
Economic growth
Economic recovery
Economic reform
Foreign exchange controls
Foreign investment
GDP
Gross Domestic Product
Growth rate
International finance
International trade
Macroeconomics
Per capita
Poverty
Private sector
Privatization
Sustainable development
Trends
Waivers
Africa
Sub-Saharan Africa
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Summary:After 2 decades of declining economic performance, sub-Saharan Africa is currently staging a promising recovery. Over the past several years, average real economic growth in the region has increased significantly while, in a growing number of countries, real GDP per capita has been positive. In 1998, despite financial turmoil in Asia and Latin America, Africa enjoyed its 4th consecutive year of positive GDP growth. Nevertheless, Africa's current economic recovery remains fragile. Fortunately, there are reasons to be optimistic that many African countries can overcome the remaining hurdles to sustained growth. A new generation of African leaders and entrepreneurs and current developments have the potential to fuel economic growth in ways not heretofore anticipated.
ISSN:1550-5200