Since 1995, 17 African countries have defied expectations and have launched a remarkable, if little-noticed, turnaround, Emerging Africa describes this revitalization and why it is likely to continue. --

The authors revisit Western Europe's record with labor productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and...