Africa in 2050 Is a Case for Cautious Optimism


Africa has traditionally been perceived as a region representing poverty, disease and conflict. In recent years, Africa’s economic performance has improved considerably. It has increased to such an extent that the Economist which had declared Africa as a hopeless continent at the turn of this century has recently revised its opinion and calls it “a hopeful continent”.
According to the Economist, of the ten fastest growing economies between 2001 and 2010, six were in Africa. The International Monetary Fund has also joined the Afro-optimists group by stating that out of the world’s ten fastest growing economies between 2011 and 2015, seven are from Africa. Similarly, the World Bank asserts that Africa is one of the fastest growing regions in the world.

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