Economic Report on Africa 2010 : Promoting High-level Sustainable Growth to Reduce Unemployment in Africa Overview

Abstract

The Economic Report on Africa 2010 (ERA 2010) focuses on how African countries can use the lessons provided by the recent global economic crisis to pursue policies which will help them not only to recover from the crisis but also to lay a foundation for sustainable high growth that generates high-paying employment for Africans as a way of reducing poverty. Of particular concern is how to rapidly generate stable and high-income employment to absorb the increasing number of unemployed among vulnerable groups - youth, women and the physically challenged. This report is organized into two parts. The first part, consisting of chapters 1 to 3, discusses current trends in the global economy and African economies. The second part, covering chapters 4 to 6, is the thematic part and deals with how to use the challenges created by the recent global economic crisis as an opportunity to develop and implement policies that lead to the structural transformation of African economies and result in sustained high growth with a high level of employment creation.