From the Milken Institute Review an article by Dani Rodrik:
More here...The balance of the evidence I’ve reviewed here suggests caution on the prospects for high growth in Africa. Much of the recent performance seems to be due to temporary boosts: an advantageous external context and making up of lost ground after a long period of economic decline. While the region’s fundamentals have improved, the payoffs to macroeconomic stability and improved governance are mainly to foster resilience and to lay the groundwork for growth, rather than to ignite and sustain it. The traditional engines behind rapid growth and convergence – structural change and industrialization – are operating at less than full power.
