Challenges of Enterprise-Driven Economic Growth in Africa
There is a growing concern within the development research and policy communities today about the persistent sluggish economic growth in most African countries despite the general upturn in the world economy during the last two decades and the general reduction of poverty in most developing countries. The search for explanations for Africa’s poverty has stretched from considerations such as corruption, poor governance and institutional problems (Killick et al., 2001), to the limited attention to private enterprise development (Fafchamps et al., 2001). The African Union has recently estimated that corruption costs Africa 148 billion US dollars per year, thereby increasing the costs of business transactions in Africa by up to 20 per cent. Similarly the World Bank estimates that corruption impedes growth rates by 0.5 per cent per year. There is also the problem of weak supply side of............
African Journal of Business and Economic Research (AJBER) is a triennial, peer-reviewed academic journal published since January 2006. For details on how to contribute to the journal, please contact its editor, Dr John Kuada at: email@example.com. For subscription inquiries, please contact: firstname.lastname@example.org ............
Some New Economic and Social Challenges in Africa
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Africa has been characterized as the world\'s poorest continent - a continent plagued with diseases, conflicts, corruption, weak governance and debt. More than that, it is the continent worst hit by the HIV/AIDS epidemic - a disease that has contributed substantially to the erosion of the already limited wealth of several African nations. Understandably, the sheer scale of the problems creates a socialized hopelessness through out the continent, thereby producing a spiral of negative energy channeled into internal strife of different degrees of magnitude in different parts of the continent. Some economic commentators have observed that most African nations need to grow at an annual rate above 7 percent annually for several decades to reverse the downward poverty spiral. The papers included in this issue of AJBER focus attention on some of theses probl............
Perspective: Economic and Business Research in AfricaJohn Kuada
The Role of Africa-focused Journals
The design and implementation of pro-growth and anti-poverty policies and strategies remain a major challenge in all Sub-Saharan African countries. The prevailing view among development experts is that there is no reliable alternative to economic growth, if Africa is to rise out of poverty. Economic growth reduces the levels of real unemployment and strengthens individuals capacity to care for themselves and their siblings. It also generates revenues necessary for anti-poverty policies. But while the engine of growth may be in the private sector, policy interventions are required to create the environment in which firms can operate and build their competitive advantages.
It is in this context that knowledge creation and dissemination through research and publications become important. The better informed African politicians, policy makers and business leaders are about the of forces............
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