Business strategies in Africa
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Title: Business strategies in Africa

Essay Details:

Subject: Business
Author: Raymond T
Date: September 22, 2011
Level: University
Grade: A
Length: 32 / 9406

Essay text:

The purpose of this report is to ask which engines of growth can be activated in sub-Saharan Africa today. After two decades of stagnation in the continent, discouragement is taking hold. The focus of policy has shifted further and further away from growth-oriented interventions towards welfare assistance. Yet, in the long-run, a growth strategy is the most cost- effective way of dealing with poverty. This is true for two fundamental reasons: first, growth lifts many of the poor out of poverty; second, it generates the government revenues necessary for anti-poverty measures. A donor strategy that focuses exclusively on short-term poverty alleviation is a dead end, condemned to last indefinitely...

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