Africa has experienced high and continuous economic growth in the past decade, prompting analysts to argue that the continent has reached a turning point in its development history and is poised to play a more significant role in the global economy in the twenty-first century. The average annual growth rate of real output increased from 1.8 per cent in the period 1980 – 1989 to 2.6 per cent in 1990 – 2000 and 5.3 per cent in the period 2000 – 2010. . . .
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