China as a model: Sachs says Africa can achieve 8-10% growth

Renowned economist Jeffrey Sachs has proposed that African nations could significantly boost their economic growth rates to between 8 and 10 percent annually over the next four decades. This ambitious target, which would double the current growth pace, hinges on the adoption of strategies that have been instrumental in China’s remarkable economic ascent. Sachs emphasized that by emulating China’s development blueprint, African countries could unlock unprecedented economic potential and drive sustainable progress. The insights were shared during a recent discussion, highlighting the transformative impact of strategic economic policies and international cooperation. Sachs’ vision underscores the importance of leveraging proven models to foster long-term growth and development in Africa.