An increasing number of African countries have recently registered improved rates of economic growth. Translating economic growth into poverty reduction, however, requires putting into place policies and institutions that promote a sustainable and shared economic growth process. The degree of success in poverty reduction depends largely on balancing the process of economic growth and the judicious pattern of income distribution so that an increasing share of the population benefits from the growth process and engages in more productive endeavors. Building the necessary policy and institutional framework to promote sustainable and shared economic growth is central in breaking the poverty trap and in initiating sustainable economic development. This article develops a political economy argument and demonstrates how successful poverty reduction are closely linked with pursuing economic policies that engage in increasing a segment of economic agents and develop the essential institutional arrangements to initiate sustainable economic development.
MOGES, ABU Girma
"Breaking the Poverty Trap in Africa: A Comparative Perspective on Poverty Alleviation,"
International Journal of African Development: Vol. 5
, Article 8.
Available at: https://scholarworks.wmich.edu/ijad/vol5/iss1/8