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Working Paper 181 - Determining the Correlates of Poverty for Inclusive Growth in Africa

23-Sep-2013

From 2000 to 2012, Africa’s economy has grown rapidly and remarkably, averaging over 5 percent (Figure 1). For example, in 2012 GDP growth in Africa was 6.6 percent, even at a time developed nations are experiencing growth contraction. However, there is growing concern that the benefits have not been inclusive and equitably shared. Such growth has not been inclusive because it has not broadened access to sustainable socioeconomic opportunities for more people, countries and regions, while not protecting the vulnerable. As Ranieri and Ramos (2013) have stated, inclusive growth (IG) is both an outcome and a process: on the one hand, it ensures that everyone can participate in the growth process, both in terms of decision-making for organizing the growth progression as well as in participating in the growth itself; on the other hand, IG makes sure that everyone shares equitably the benefits of growth.

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