Economic Development in Africa: Reclaiming Policy Space - Domestic Resource Mobilization and Developmental States

By United Nations

One of the most prominent objectives of the Millennium Development Goals is to have member States halve their levels of absolute poverty by 2015. Whilst some developing countries are making progress towards this target, recent statistics show indicate that in the countries of Sub-Saharan Africa the numbers living in poverty is increasing. One of the reasons for this is its relatively low rate of economic growth.This year's Economic Development in Africa report examines the potential of African countries to strengthen domestic financial resource mobilisation, in order to reduce dependence on official development assistance (ODA), and diversify their development resources and channel these resources to productive investments. It highlights the need for "developmental States" in Africa with the required policy space to design and implement policies that address their priorities and make optimal use of available resources in a way that leads to a virtuous circle of accumulation, investment, growth and poverty reduction.

• Format: Paperback
• Language: English
• ISBN: 9211127238
• ISBN13: 9789211127232
• Release Date: October 2007
• Publisher: United Nations
• Length: 124 Pages
• Weight: 0.40 lbs.
• Dimensions: 8.4" x 0.3" x 5.9"