Economic Growth and Poverty Levels in West Africa

Feb 3rd, 2012
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In West Africa, one of the major incentives is to overcome poverty through development programs. The initiative has started to grab hold in several West Africa countries although at a very slow pace. Research reports have indicated that poverty in all regions of the world inclusive of West Africa realized significant reduction in the period between 2005 and 2010. The number of individuals in West Africa living below the poverty line decrease from a high seventy percent to a low of forty percent, between 1990 and 2008.

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Economic Growth and Poverty Levels in West AfricaStudent's NameAffiliationDateEconomic Growth and Poverty Levels in West AfricaRelationship between Economic Growth and Poverty Levels in West AfricaIn West Africa, one of the major incentives is to overcome poverty through development programs. The initiative has started to grab hold in several West Africa countries although at a very slow pace. Research reports have indicated that poverty in all regions of the world inclusive of West Africa realized significant reduction in the period between 2005 and 2010. The number of individuals in West Africa living below the poverty line decrease from a high seventy percent to a low of forty percent, between 1990 and 2008. This is the only documented case of reversal long-term changes in poverty trend. Africa as a whole observed the highest decline in poverty levels across the eighteen year time interval. There are numerous factors that have favored the decline poverty; the major factor is sustainable economic growth. West Africa has sustained quality levels of economic development averaging more than five percent of annual GDP growth over the period 2001-2010. Moreover, throughout this time interval, West Africa realized an average population growth of approximately three percent which played a significant role in average economic growth. Hence, the sustained economic growth observed by most West Africa countries across the past decade has contributed towards the e

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