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date: 12 August 2020

Abstract and Keywords

This chapter provides a panoramic view of the conceptualization, design, and implementation of growth strategies in Africa, from the pre-colonial period to the present. These strategies have been shaped by different schools of thought, interests, and emerging issues prevalent at the time. They have varied chronologically: from the colonial strategy of exporting commodities to feed Northern industries, the immediate post-independent import substitution, the Washington Consensus and the Post- Washington Consensus, to the current country-specific and regional cooperation strategies. Going forward, African countries need to craft growth strategies that ensure sustenance of the impressive growth recorded over the last decade. The growth must be more inclusive, through the optimal use of fiscal and natural resources as well as effective governance to improve job creation, and reduce inequality and poverty. In addition, any future strategy must be mindful of the environment and technological advances, and should entail strengthening regional integration and South–South cooperation.

Keywords: growth strategies, Africa, Washington Consensus, regional and South–South cooperation

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