Africa’s Alternative Path to Development
Stalled manufacturing growth across Sub-Saharan Africa has worried many development experts that the region has lost the opportunity to emulate East Asia's economic trajectory. But the region's burgeoning service sectors suggest that another, equally powerful development model is available.
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WASHINGTON, DC – Recent projections indicate that several Sub-Saharan African countries will experience robust economic growth over the next five years. By 2023, around one-third of the region’s economies will have grown at an average annual rate of 5% or higher since 2000.