African Economic Outlook, 2003 2004 by Organisation for Economic Co-Operation and Development

By Organisation for Economic Co-Operation and Development

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Civil wars and armed conflicts are closely linked to the unwillingness or incapacity of social groups and their leaders to transcend the boundaries of religion, ethnicity and race. In the same vein, corruption undermines development; it is both a symptom and an outcome of poor governance. The African democracy record Since independence, African countries have experienced various forms of political governance regimes, ranging from extreme totalitarian states to the liberal democratic tradition. The attributes of the political leadership and the state with respect to overall economic management, rule of law, and respect for private property have been influenced significantly by the prevailing political governance regimes.

3 per cent to achieve the MDGs target. 4 per cent of total population and that of Ghana stands as high as 12 per cent, the progress made by the latter towards the MDGs is faster than that of the former. Likewise, while at present the proportion of hungry people in Morocco is low by African standards, the country is classified as slipping back, because the 14. Source: FAO (2003), The State of Food Insecurity in the World. 7 per cent in 199815. The observations raise important issues with regard to the relationship between economic growth, poverty and social indicators.

The first phase of the project involved major construction, notably the pipeline, providing jobs for local people and business for local sub-contractors. However, the French Development Agency notes that the trickle-down was fairly small (only 15 per cent of the investment money was spent locally) due to the country’s undeveloped and informal industrial and commercial base faced with the oil companies’ requirements and the high-tech nature of the oil sector investment. In the long term, the new oil will mean increased government revenue, which is expected to double in 2004.

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