investment rates, and high un- and under-employment. The private sector has never become globally competitive. There are few … economic reform efforts largely failed. Amr Adly argues the fault lies in cleft capitalism: the perpetuation of initial size …

Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has … of diversification in Africa's economies-in contrast to Asia's success stories. Structural adjustment did not change the … manufacturing and service clusters, Africa is yet to follow East Asia in integrating with the global economy in ways that add value …

Emerging Africa is based on the fundamental conviction that, unless growth resumes, poverty cannot be reduced in the …