Sub-Saharan Africa. It further develops the analytical framework of the World Development Report 2004 on accountability …

recovery in developed countries, numerous weather shocks, and civil conflicts in Africa? This paper "stress tests" African … economies. The findings indicate that Africa's long-term growth is fairly impervious to a prolonged recession in high … and violence will pose by far the greatest threat to Africa's performance …

Many analysts decry the level of investment in Africa, saying it is too low. But there is no evidence, in cross …-country data or in microeconomic data from Tanzania, that private and public capital is productive in Africa. In that sense …, investment in Africa may be viewed as too high …