Africa's Structural Transformation: From Strategy to Action

19 Pages Posted: 16 Oct 2020

See all articles by Ayodele Odusola

Ayodele Odusola

United Nations Development Programme

Date Written: January 1, 2015

Abstract

Charting a solid path for Africa's future development requires a good understanding of the factors that shape the past and current growth processes. This calls for an objective narrative of Africa's growth process. This paper addresses the key elements of structural economic transformation and identifies opportunities for structural economic transformations in Africa. It also examines the risks and challenges that are likely to affect Africa's growth prospects in the years ahead. It concludes that Africa needs to develop its capacity to produce sophisticated, high-value goods for which its demands rise globally as income increases. The myriad opportunities in agro-industrial and extractive-value chain linkages, wide scope for economic diversification, rising urbanization, and emerging middle class make this more appealing.

Suggested Citation

Odusola, Ayodele, Africa's Structural Transformation: From Strategy to Action (January 1, 2015). Available at SSRN: https://ssrn.com/abstract=3101781 or http://dx.doi.org/10.2139/ssrn.3101781

Ayodele Odusola (Contact Author)

United Nations Development Programme ( email )

351 Francis Baard Street
Pretoria, 00001
South Africa

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