Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack of diversification in Africa's economies-in contrast to...

The paper argues that over the years aid has lost its initial “developmental purpose” which was to help developing countries to overcome structural constraints on their mobilisation of domestic resources or conversion of these resources into investment. This shows up in the low levels of...