Policy Paper (Interest) 22
The economic development gap been Africa and the rest of the world has thus widened in the past four decades with no reversal of this trend in sight. Africa has recently responded to its marginalisation with a fresh initiative called the New Partnership for African Development (NEPAD) which seeks to deal with the continent’s underdevelopment as a collective by addressing the sources of its marginalisation. This paper examines whether NEPAD does indeed address the causes of Africa’s underdevelopment and questions the probability of its success. It argues that although NEPAD recognises and incorporates recent developments in new growth theory, the actual realisation of the vision is going to be awkward because problem areas have been glossed over in the plan.
by 