Africa at a Turning Point?

Africa At a Turning Point? looks at interrelated aspects of Africa's recent economic revival. It examines Africa's recent growth in the context of its long history of growth accelerations and collapses and seeks to answer several questions - Is Africa indeed at a turning point? Have African countries learned from past policy and institutional mistakes? And are the economic fundamentals finally pointing towards more sustainable growth? It deals with the continuing importance of donor flows for Africa, addressing such issues as managing and delivering greater aid, and the history and volatility of donor flows. As crude oil prices reach new highs, it also addresses the impact of commodity price shocks on output variability in African countries; how oil exporting countries can manage their new oil wealth; and the possible economic and distributional impacts of higher oil prices on oil importing countries.