Achieving an African Industrial Revolution
After decades in the slow lane, Africa's economy has had its foot on the accelerator, with impressive growth since the mid-2000s solidifying its potential as the global economy's next new growth engine. But sustaining rapid development will take work – and help from countries like China and Italy.
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BEIJING – In the mid-2000s, after decades in the slow lane, African economies hit the accelerator. But what lies ahead for the continent is not an open highway. If Africa is to achieve its potential as the next emerging-market engine of global economic growth, it will have to industrialize.