The Nigerian co-founder of Transparency International and vice president of the World Bank's Africa division opines: "For many decades following independence, many African countries chose the path of government being at the commanding heights of the economy. That choice did not result in the greatest of economic achievements. It has taken the past decade’s embrace of market principles as well as sound macroeconomic policies for us to see Africa’s economic growth trajectory turn entirely positive — so positive that at the height of the economic crisis, most of the countries on the continent sustained their economic reforms, and that enabled Africa to be one of the fastest to rebound from the collapse of growth from 5.7 percent to 1.7 percent back to 4.2 percent the following year. Hopefully, with less tragedy coming out of the current crisis, growth will proceed into 2012 and 2013 at rates of about 4.7 percent and 5.2 percent, respectively."
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