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"New global realities governing agribusiness", chapter in "Agribusiness for Africa's Prosperity"

Book/book chapter

Written by Steve Wiggins

Sub-Saharan Africa’s robust economic growth since the late 1990s was briefly inter- rupted by the global recession (2008/9), leading to marginal decline in per capita income in 2009 for the first time since 1994. However, economic growth is forecast to resume its upward trajectory during the recovery phase, with growth (GDP) per capita rising to 2.5 per cent in 2010 and 3.0 per cent by 2011 (World Bank 2010a)— though it is still too early to say whether the region’s vastly improved economic growth performance in recent years will be translated into a healthy phase of economic transformation and sustainable development. This chapter looks at this growth performance.

Agribusiness for Africa’s Prosperity presents the state-of-the-art of agribusiness development in Africa. This work analyses the challenges, the potential and opportunities of African agribusiness in the current period of dramatic changes in global agro-industrial markets, and builds a case for agribusiness development as a path to Africa’s prosperity.

  • "The new policy space", chapter in "Agribusiness for Africa's Prosperity" - Books or book chapters

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Steve Wiggins and Torben M. Roepstorff