Experiences in growth and employment strategies in Africa, east Asia and Latin America : a comparative analysis

Abstract

Africa’s past performance and its endowment in resources suggest that the region’s growth prospects are bright. Although some African countries have used good policies and governance to spur unprecedented growth rates within the past two decades, the majority of the still face challenges in their attempts to transform their economies. In contrast to the difficulties encountered by some African countries, several East Asian and Latin American countries, with little or no resources, have succeeded not only in sustaining high growth rates, but also in generating employment, reducing poverty and inequality.