Development as Growth

Economic development must be distinguished from relief. The later focuses on providing immediate, emergency assistance to people that require aid as a consequence of civil war, famine, drought, natural disasters, or disease. Economic development on the other hand, refers to practices that assist market forces in order to create long-term, sustainable growth in a country. Trying to apply relief efforts to achieve development simply does not work. Relief efforts can drown out emerging markets by flooding them with products that may otherwise originate indigenously (Read more here). While relief is a critical component of getting devastated areas back on its feet, development must take precedence in the long run.

In response to the recent literature from Glen Hubbard to William Easterly that focuses on this distinction, Development as Growth displays the primacy of business investment and entrepreneurial ventures to create sustainable growth for each of the countries of Africa. This section examines how partners on both sides of the Atlantic are working together in sub-Saharan Africa to foster an environment for businesses to flourish, investments to grow, and entrepreneurs to innovate.