Some of the poorest countries in the world are in Africa and failure to participate in the reduction in poverty which has occurred in other parts of the developing world is a central policy issue both for Africans and those who seek to aid them. In the last decade economic performance in Africa generally has improved dramatically. However there are substantial differences within Africa and the countries where this research was conducted – Ghana and Tanzania – have very different experiences of poverty reduction. In Ghana poverty has halved over the period from1991 to 2005 while in Tanzania there have been only marginal changes. Understanding some of the underlying reasons for success and failure in Africa has been the overarching objective of the research.
Teal, Francis et al (2010), Finance and formalisation as mechanisms for poverty reduction in Africa: Non-Technical Summary, (Research summary), ESRC, End of Award Report, RES-167-25-0371, ESRC, Swindon, UK, 2 pp.