n AfricaGrowth Agenda - Overseas development assistance to Africa : flogging a dead horse?

Volume 2012, Issue 4
  • ISSN : 1811-5187


Some countries elsewhere on the globe have been experiencing considerably high growth rates, while a large part of the African countries; particularly the Sub-Saharan African (SSA) countries have experienced low growth rates (Goodwin et al, 2006). The attainment of the Millennium Development Goal (MDG) of halving poverty by 2015 remains far-fetched because it requires increased and sustained economic growth for poor. Collier and Gunning (1999) point out that high dependence on aid is one of the reasons why Africa has grown slowly. They argue that out of a group of low income countries, Africa received aid five times larger than elsewhere as such conclude, "...in view of the scale of aid flows, there has been little net effect on African growth".

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