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Author: James Pickett
Publisher: Routledge Library Editions: De
ISBN: 9780415851718
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
First published in 1990, this volume considers the question: is there any hope for economic recovery in Africa? Written by a team of leading development economists, the book takes a close look at the economic decline of Sub-Saharan Africa and provides a set of guidelines for promoting economic recovery. Stressing the need for greater co-operation between African states, the contributors outline the economic and social policies required to put this crisis-torn region back on the road to sustained development.
Author: James Pickett
Publisher: Routledge Library Editions: De
ISBN: 9780415851718
Category : Business & Economics
Languages : en
Pages : 292
Get Book
Book Description
First published in 1990, this volume considers the question: is there any hope for economic recovery in Africa? Written by a team of leading development economists, the book takes a close look at the economic decline of Sub-Saharan Africa and provides a set of guidelines for promoting economic recovery. Stressing the need for greater co-operation between African states, the contributors outline the economic and social policies required to put this crisis-torn region back on the road to sustained development.
Author: Mrs.Paola Ganum
Publisher: International Monetary Fund
ISBN: 1513570048
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0.3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from 37 years to about 22 years. Low-income countries stand to gain the most from reforms. The largest gains come from governance, products markets, and factor accumulation. Importantly, these reforms can be implemented in the post-pandemic environment characterized by weaker social and distributional outcomes.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498304168
Category : Business & Economics
Languages : pt-BR
Pages : 79
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Book Description
The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018. This weaker outlook reflects domestic and external challenges. On the external side, the global expansion is losing momentum, including in China and the euro area, trade tensions remain elevated, global financial conditions have tightened, and commodity prices are expected to remain low. On the domestic front, security challenges, climate shocks, and policy uncertainty are hampering investment and weighing on economic prospects in several countries. Under current policies, medium-term average growth for the region is expected to continue to fall well short of what is needed to absorb the new entrants to the labor force and to deliver limited gains in living standards.
Author: Richard Sandbrook
Publisher: Cambridge University Press
ISBN: 9780521425636
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
The waning of the Cold War means that major political powers no longer feel compelled to support African authoritarianism. Revised official consensus holds that, in Africa as elsewhere, political reform must accompany economic adjustment. According to this view, African recovery requires a reduction in the size and economic role of monopolistic and inefficient states, and their transformation into accountable liberal democracies. Is this a desirable and practicable political programme? Certainly, all over Africa the number of liberal democracies is growing. But can they survive and are they compatible with renewed economic growth? Richard Sandbrook answers these questions, and assesses the feasibility of the new political programme in reinforcing Africa's economic recovery. He argues that the programme has merit in the short term, but, in the longer term, a more self-reliant, state-directed approach should be adopted to ensure prosperity and durable democracy in the region.
Author: Cesar Calderon
Publisher: World Bank Publications
ISBN: 1464815682
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
The COVID-19 pandemic has taken a toll on human life and brought major disruption to economic activity across the world. Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks. Economic growth in Sub-Saharan Africa is projected to decline from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region in 25 years. The coronavirus is hitting the region’s three largest economies —Nigeria, South Africa, and Angola— in a context of persistently weak growth and investment. In particular, countries that depend on oil and mining exports would be hit the hardest. The negative impact of the COVID-19 crisis on household welfare would be equally dramatic. African policymakers need to develop a two-pronged strategy of “saving lives and protecting livelihoods.†? This strategy includes relief measures and recovery measures aimed at strengthening health systems, providing income support to workers and liquidity support to viable businesses. However, financing of these policies will be challenging amid deteriorating fiscal positions and heightened public debt vulnerabilities. Therefore, African countries will require financial assistance from their development partners -including COVID-19 related multilateral assistance and a debt service stand still with creditors.
Author: Mr.Anupam Basu
Publisher: International Monetary Fund
ISBN: 9781557759665
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
Africa is the world’s poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and discusses a policy framework to promote sustainable economic growth and reduce poverty across the region.
Author: Malcolm F. McPherson
Publisher: Harvard Kennedy School
ISBN:
Category : Business & Economics
Languages : en
Pages : 408
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Book Description
This volume examines a wide range of policy and institutional changes that were part of the reform program, including exchange rates, taxation, foreign debt, agriculture, state-owned enterprises, and customs inspection. In each case, the authors review the problems that the government faced, the steps taken to address these problems, and the success or failure of the reform initiatives.
Author: J. H. Frimpong-Ansah
Publisher: Heinemann Educational Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
The failure of development in Africa has sparked far-reaching economic reforms. But, this collection argues, economic recovery not only calls for policy adjustments; it also requires the rehabilitation of decayed capital and new domestic investment in order to sustain recovery and finance growth.
Author: Humphrey Orjiako
Publisher: Nova Publishers
ISBN: 9781560728795
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
Annotation. Orijiako, who is not identified, examines the hypothesis that rather than promoting growth and development in sub-Saharan Africa, foreign aid interventions may have contributed in no small measure to the poor performance of the region's economies. Challenging conventional views that problems are technical details of delivery or administration, he suggests that an economy operating under appropriate circumstances and conditions may not require foreign aid to succeed, and presents historical records, common sense, and cognate experiments to bolster the view. c. Book News Inc.
Author: Landry Signe
Publisher: Brookings Institution Press
ISBN: 0815737394
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.
