Growth and Poverty Reduction in Africa, Lecture by Francisco Ferreira (WB), 24.09.2014
Purtroppo in concomitanza con la nostra riunione per il SIII 2015, si terrà presso la Fondazione Eni Enrico Mattei
la FEEM Lecture, by Francisco H. G. Ferreira, Chief Economist for the Africa Region, World Bank: “Growth and Poverty Reduction in Africa”
Wednesday, September 24, 2014 – 5:00 p.m. Fondazione Eni Enrico Mattei Corso Magenta 63 Milan, Italy
After two ‘lost decades’ from the mid-1970s to the mid-1990s, Africa’s economic growth has resumed in the last twenty years. In the last decade in particular (i.e. between 2003-2014), GDP growth in the region has averaged 5.1%, making it the second fastest-growing region in the world, after East Asia. Yet, with approximately 49% of Africans still living below $1.25 per person per day, this growth is not translating into poverty reduction as effectively as anyone would like. This talk will investigate possible reasons for the ‘broken link’ between Africa’s growth and poverty reduction, exploring demographic factors, the sector composition of the growth process, the role of natural resources and conflict, and the importance of inequality. Possible policy directions to harness the power of growth for faster poverty reduction will also be discussed. …
