Creating Prosperity in Africa

Download or read book Creating Prosperity in Africa written by Eugene Nyambal and published by . This book was released on 2006-01-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promote a new social contract based on the ability of leadership to improve the general welfare of society Provide more legitimacy to the creation of wealth and facilitate, beyond sports and music, the rise of new role models whose leadership and contribution to the advancement of society can become an inspiring force for the youth Reform the education system, so as to eradicate illiteracy and spread know-how and values necessary for a successful market economy Reinforce the strategic capabilities of the state, strengthen institutions underpinning the well functioning market economy, and decentralize power Foster regional integration to create larger markets for the development of industries and investment Promote longer-term population growth policies by among others, forcefully fighting pandemics such as HIV-AIDS and malaria, as well as malnutrition Set an ambitious development vision and benchmark competition in the implementation of reforms in areas such as business environment, infrastructure, labor productivity, and set up Free Processing Zones to gain access to international markets Create an enabling environment to attract mature technologies in Africa and encourage domestic use of technology Shift IMF and World Bank policies toward promoting growth and employment and encourage the most promising African countries to exit from IMF lending Stop providing sustained financial assistance to governments with an established track record of corruption and to regimes that have failed over an extended period of time to improve the standard of living of their populations.