Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.
'Blood on the Stone' tells the story of how diamonds came to be so dangerous. It describes the history of the great diamond cartel and how it gradually lost control of the precious mineral, as country after country descended into anarchy and wars fuelled by diamonds. The book describes the diamond pipeline, from war-torn Africa to the glittering showrooms of Paris, London and New York. It describes the campaign that began in 1999 and which eventually forced the industry and more than 50 governments to create a global certification system known as the Kimberley Process, aimed at wringing blood diamonds out of the retail trade. This gripping account concludes with a sobering assessment of the certification system, which soon became hostage to political chicanery, mismanagement and vested interests. Too important to fail, the Kimberley Process has been hailed as a regulatory model for Africa's extractive minerals. Behind the scenes, however, it runs the risk of becoming an ineffectual talk shop, standing aside as criminals re-infest the diamond world.