African Economies: Structural Transformation and Sustainable Development
The Spring 2014 Issues in African Development seminar series focuses on new realities in emerging African economies and the need for supporting these economies through structural transformation and sustainable development. The series opens on Thursday, January 30, 2014, with a presentation by IAD Director and Cornell Professor of Law Muna Ndulo. Click here for a printable seminar schedule flyer.
In its 2013 African Economic Outlook Report, the African Development Bank observed that over the past decade greater stability, sound macroeconomic policies, improved terms of trade, and blossoming partnerships with emerging economies have widened the economic policy space of African countries. With a projected growth rate of 4.8 percent in 2013, expected to accelerate to 5.3 percent in 2014, African countries are freer than ever to choose their own development paths. The main sources of dynamism are expected to be the expansion of agricultural production, robust growth in services, and mining.