Growth with depth: exploring African transformation
Event launching the 2014 African Transformation Report, which argues that Africa’s economies need more than just growth if they are to transform – they need growth with depth.
ODI and the DFID-ESRC Growth Research Programme (DEGRP) host KY Amoako, president of the African Center for Economic Transformation (ACET) and former executive secretary of the Economic Commission for Africa, to launch the 2014 African Transformation Report.
The report argues that Africa’s economies need more than growth. If they are to transform and improve human well-being they need growth with depth to:
- diversify their production;
- make their exports competitive;
- increase the productivity of farms, firms, and government offices, and
- upgrade the technology they use throughout all areas of their economies
The report draws on ACET’s research program of country, sector, and thematic studies to look systematically at transformation as a broad framework for economic growth and development. It introduces the African Transformation Index to help African policy-makers see how their countries are transforming and where they stand in relation to their neighbours.
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