This article is the gist of a conference / questions / replies / delivered on
December 7, 1996; venue: Infosec, Cotonou, Benin;
two days before the opening of the National Conference On The Economic Future
Of Benin - December 9 - 16, 1996. On December 9, 1996, Benin' state television
evening news' journalist - Mr. Nicaise Miguel- interviewed the author.
take us up to several decades - far beyond into the second century of the new
millennium - to alleviate prevailing poverty in our countries, create descent
living conditions for all, if we do not target double-digit annual economic growth-rate;
and manage to sustain it two to three decades running.
I can hear, clear
and loud, objections of all kinds streaming into my ears. That's not possible...You
are a dreamer...An incurable optimist...
Wait! It is not only possible;
it is compulsory to target double-digit growth-rate to quickly bridge the developing
gap and integrate African countries into the prosperous circle of developed nations.
We have to undertake a collective brainstorming, explore all ways and
means, take all necessary steps, to break up the barrier of 10% annual growth-rate.
That's the threshold for the takeoff. Anything
below 10% is just survival and stagnation.
digit annual economic growth-rate's theory for emerging countries is a well known
fact extensively analyzed by Pr. Moses Abramowitz - "Thinking
About Growth: Catching Up, Forging Ahead, and Falling Behind" - and
confirmed by renowned economists like Jean-Jacques Rosa and Edouard Parker. Let's
put it in practice.
This article, a continuation to our previous
delivery titled: Strategy for African
Countries, is structured into four parts. It adds more arguments to demonstrating
why we strongly believe in "The African Renaissance" as here
WE NEED DOUBLE-DIGIT GROWTH-RATE
GROWTH-RATE IS NOT UTOPIA
TO REACH THE TARGET
CASE STUDY ON HOW TO REACH THE TARGET
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