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Aid, Growth and Employment in Africa

Aid, Growth and Employment in Africa Introduction The prevailing narrative about growth and development in Africa has shifted dramatically over the past decade. During the 1990s pessimism abounded, exemplified by concerns over multiple lost decades since Independence (Bates et al ., ) and the puzzle of Africa's persistently slow rate of growth (Collier and Gunning, ). Today, with the exception of a number of fragile states, an optimistic narrative of development in the region largely reigns. Visions of ‘Africa Rising’ and an ‘African Growth Miracle’ are common in both the popular and academic press ( The Economist , , ; Young, ). Proponents of ‘Africa Rising’ point to a range of supporting evidence. This includes: rapid and sustained rates of growth since the late 1990s, large inflows of foreign direct investment, improvements in access to education and health services, and progress in institutional quality (e.g., Andersen and Jensen, ). A broad range of macroeconomic indicators have generally strengthened in the region. This is linked to achievement of more sustainable fiscal positions, bolstered by domestic resource mobilization efforts. For instance, Mubiru ( ) highlights that domestic tax revenues rose from 22 per cent of GDP in 1990 to 27 per cent in 2007. In the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png African Development Review Wiley

Aid, Growth and Employment in Africa

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References (11)

Publisher
Wiley
Copyright
© 2015 African Development Bank
ISSN
1017-6772
eISSN
1467-8268
DOI
10.1111/1467-8268.12134
Publisher site
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Abstract

Introduction The prevailing narrative about growth and development in Africa has shifted dramatically over the past decade. During the 1990s pessimism abounded, exemplified by concerns over multiple lost decades since Independence (Bates et al ., ) and the puzzle of Africa's persistently slow rate of growth (Collier and Gunning, ). Today, with the exception of a number of fragile states, an optimistic narrative of development in the region largely reigns. Visions of ‘Africa Rising’ and an ‘African Growth Miracle’ are common in both the popular and academic press ( The Economist , , ; Young, ). Proponents of ‘Africa Rising’ point to a range of supporting evidence. This includes: rapid and sustained rates of growth since the late 1990s, large inflows of foreign direct investment, improvements in access to education and health services, and progress in institutional quality (e.g., Andersen and Jensen, ). A broad range of macroeconomic indicators have generally strengthened in the region. This is linked to achievement of more sustainable fiscal positions, bolstered by domestic resource mobilization efforts. For instance, Mubiru ( ) highlights that domestic tax revenues rose from 22 per cent of GDP in 1990 to 27 per cent in 2007. In the

Journal

African Development Review – Wiley

Published: Oct 1, 2015

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