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EIGHT THINGS YOU (MAY NOT) KNOW ABOUT AFRICA
John Page, Chief Economist Africa Region, World Bank October 31, 2006
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1. AFRICA’S GROWTH RATES ARE CATCHING UP TO OTHER DEVELOPING COUNTRIES
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African per capita income is now increasing in tandem with other developing countries …
Annual Change in Real per capita GDP % Forecast 2008 Source: World Bank
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… growth has improved since the 1980’s
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2. ECONOMIC OUTCOMES ARE INCREASINGLY DIVERSE, WHILE SOCIAL OUTCOMES ARE CONVERGING
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Africa’s growth experience increasingly diverse
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SOCIAL OUTCOMES ARE CONVERGING
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PRODUCTIVITY IN AFRICA’S BEST PERFORMERS (AND BEST FIRMS) EQUALS ASIAN COMPETITORS
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Africa’s best performers are on par with India, Vietnam
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Factory floor costs compare well with India & China
Direct cost per male shirt
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4. AFRICA IS A HIGH COST PLACE TO INVEST BUT LACK OF INFRASTRUCTURE MAY CONSTRAIN INVESTMENT MORE
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Building the private sector
Africa lags other regions in the cost of doing business … Ease of doing business rank, Simple average by region Data sources: The World Bank Doing Business Database, 2005 survey. Building the private sector
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Building the private sector
…and in access to infrastructure Data sources: The World Bank WDI database, April 2006. Building the private sector
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5. SUCCESS INCREASING PRIMARY ENROLLMENTS IS NOT MIRRORED IN SECONDARY AND TERTIARY EDUCATION.
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Gross primary enrollment rate has risen sharply
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Africa lags in secondary and tertiary education
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6. MORTALITY AND LIFE EXPECTANCY HAVE REGRESSED TO LEVELS OF PREVIOUS DECADES
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LIFE Expectancy And Mortality
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Malaria has not received adequate attention and is a major cause of death of children
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7. INEQUALITY LIMITS THE BENEFITS OF GROWTH TO THE POOR
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Inequality limits the benefits of growth to the poor
The Poor as Percent of Total Population and Inequality: Data sources: The World Bank Global Poverty Monitoring Database
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And the rural-urban divide remains dramatic
Rural-urban divide in access to improved water source Data sources: Africa Region Household Survey Standardized Files.
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8. INTERNATIONAL FOCUS ON AFRICA IS GROWING BUT STILL FALLS SHORT OF 1990 AND THE GLENEAGLES TARGETS
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International focus on Africa is growing, but still falls short of 1990
Data sources and WBI database.
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… and changes in ODA composition were significant
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Africa Development Indicators ‘06
Office of the Chief Economist Africa Region, World Bank
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