Firms tend to cluster in close geographic proximity to each other to benefit from reduced transport costs, shared inputs, and productivity spillovers due to learning and technology transfers. Evidence from low-income countries suggests that such agglomeration economies may be substantial in...

Africa has enjoyed fifteen years of sustained economic growth. Per capita income for the region as a whole is rising steadily, and regional growth has exceeded the global average. During the last decade six of the world’s ten fastest-growing economies were in Sub-Saharan Africa. Yet, there are...

Africa has enjoyed over a decade of sustainable growth where regional growth has exceeded the global average and per-capita income for the region is steadily increasing. During the past decade sub-Saharan Africa was home to six of the ten fastest growing economies in the world. However, there...

Except for the last 10 years, Africa had endurednearly 25 years of slow growth. The global financialcrisis, and its attendant global recession, iscertainly not welcome news. Commodity priceshave fallen, foreign investment has declined,development assistance is under pressure andremittances have...