A Consuming Need

ILLUSTRATION FOR TIME BY EDEL RODRIGUEZ

The global food crisis could not have come at a worse time for Africa. After 30 years of collapse and stagnation, African economies are finally growing at the same pace as the global economy — 5.4% a year for the last three years. This is not only due to high mineral and oil prices. Virtually all African countries have stabilized their economies, undertaken major reforms in trade and industrial regulation, and made progress in improving governance. Some 18 non-mineral-exporting countries, home to a third of all Africans, have been growing at 4% a year for more than a...

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