explain why farming in Africa has not made the gains seen elsewhere in the world.
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Why an African Growth Miracle Is Unlikely
by dani rodrik
dani rodrik is the Albert O. Hirschman professor of economics at the Institute for Advanced Study in Princeton, N.J. This article draws from Prof. Rodrik’s Richard H. Sabot lecture at the Center for Global Development in Washington.
October 20, 2014
Africa's recent economic performance has been widely celebrated in the media. Sub-Saharan Africa's inflation-adjusted growth rate, after having spent much of the 1980s and 1990s in negative territory, has averaged nearly 3 percent annually in per capita terms since 2000. This wasn't as stellar as East Asia's and South Asia's performances, but was decidedly better than what Latin America, undergoing its own renaissance of sorts, was able to achieve. Moreover, the growth isn't simply the result of a revival in foreign investment: The region has been experiencing positive productivity growth for the first time since the early 1970s. It should not be entirely surprising, then, that the traditional pessimism about the continent's economic prospects has been replaced by rosy scenarios focusing on African entrepreneurship, expanding Chinese investment and a growing middle class.
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