β Scribed by Masuma Farooki
No coin nor oath required. For personal study only.
The recent surge in African economic growth rates associated with the rise in commodity prices have led to renewed interest in the role of resources in economic growth. Africa has multiple economic and social needs, infrastructure being one of them. The resource sector is contributing towards growth of investments in infrastructure, but how effective this contribution is to wider development goals needs to be chronicled. This paper examines two vectors of interaction between infrastructure and commodities: first, the direct provision of infrastructure for commodity extraction; second, the use of resource rents for infrastructure spending. This paper emphasises the policy need to align infrastructure spending with development needs, rather than building transport networks per se. We find there are positive indications that such recognition exists on a policy level, and there are partial successes. However, more needs to be carried out to ensure subβSaharan Africa can benefit from its infrastructure spending in relation to the commodity sector. Copyright Β© 2012 John Wiley & Sons, Ltd.
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