Keeping Africa's Turnaround on Track

MONROVIA – For more than a decade, much of Africa has been moving forward. Economic growth is rising, poverty is falling and democratic governance is spreading. But the global financial crisis threatens to undo this progress by reducing investment, exports and aid just as they should be expanding to build on these successes.

While international attention has been understandably focused on events in Darfur, Somalia and Zimbabwe, countries across the continent including Ghana, Tanzania, Mozambique and Liberia have been quietly turning their economies around. Economic growth rates regularly exceed 5% in many nations.  The key to this progress is stronger African leadership and more accountable governance. Today, more than 20 African countries are democracies, up from just three in the 1980’s. They have competitive elections and improved human rights, and a much freer media. These efforts have been supported by increasingly effective development assistance.

Consider what has happened in my country, Liberia. After 14 years of devastating war, we faced enormous challenges. Our democratically elected government has worked with international partners and a growing number of private investors to turn things around.

To continue reading, please log in or enter your email address.

To continue reading, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you are agreeing to our Terms and Conditions.

Log in

http://prosyn.org/EYUQoG1;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.