It is clear that a lot remains to be learnt about the role of the financial sector in African growth and development process. All three papers in this volume focus on the existing consensus in the literature that there seems to be a positive relationship between financial development and...

Most sub-Saharan African (SSA) countries have been recording considerable growth since the beginning of this century compared to the dismal and unstable growth experience of the 1980s and 1990s. In 2004, for instance, sub-Saharan Africa recorded a per capital gdp growth rate of about 2.6% but...

The essays in this volume document in various ways the limited extent of structural change in Africa over the past 40 years. They also document and analyse the failure of Africa to industrialise while addressing the question of how policies might be reshaped to boost industrial development and...