They agreed that Africa is the region with the fastest economic growth rates and the highest return on investment (ROI), and as the continent continually makes improved strides in political reform, macroeconomic stability and social development, these trends are likely to improve.

FORBES: Africa Becomes Attractive To Foreign Investors

At the country level, the meeting noted that the development of African LDCs had continued to be constrained by shortcomings in physical infrastructure and human resources development, low levels of domestic resource mobilization, shortcomings in macroeconomic policy design and management, and severe socio-economic consequences of local or regional conflicts.

UN: [21 Jul 2000] DEV/2253 : LAYING GROUNDWORK FOR THIRD UN CONFERENCE ON LEAST DEVELOPED COUNTRIES, PREPARATORY COMMITTEE TO MEET AT HEADQUARTERS, 24 - 28 JULY

According to the ASU website, Professor Prescott has altered the course of macroeconomic thinking over the past three decades with his research that spans such areas as business cycles, economic development and general equilibrium theory and finance.

FORBES: Prof. Edward C. Prescott On China