Download or read book Africa s Growth Tragedy written by William Easterly and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Africa s Growth Tragedy written by Ross Levine and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: August 1995 - Problems associated with Sub-Saharan Africa's slow growth are low school attainment, political instability, poorly developed financial systems, large black-market exchange-rate premia, large government deficits, and inadequate infrastructure. Improving policies alone boosts growth substantially. But if neighboring countries adopt a policy change together, the effects on growth are more than double what they would have been if one country had acted alone. Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled, with disastrous consequences. Easterly and Levine use one methodology - cross-country regressions - to account for Sub-Saharan Africa's growth performance over the past 30 years and to suggest policies to promote growth over the next 30 years. They statistically quantify the relationship between long-run growth and a wider array of factors than any previous study. They consider such standard variables as initial income to capture convergence effects, schooling, political stability, and indicators of monetary, fiscal, trade, exchange rate, and financial sector policies. They also consider such new measures as infrastructure development, cultural diversity, and economic spillovers from neighbors' growth. Their analysis: Improves substantially on past attempts to account for the growth experience of Sub-Saharan African countries; Shows that low school attainment, political instability, poorly developed financial systems, large black-market exchange-rate premia, large government deficits, and inadequate infrastructure are associated with slow growth; Finds that Africa's ethnic diversity tends to slow growth and reduce the likelihood of adopting good policies; Identifies spillovers of growth performance between neighboring countries. The spillover effects of growth have implications for policy strategy. Improving policies alone boosts growth substantially, but if neighboring countries act together, the effects on growth are much greater. Specifically, the results suggest that the effect of neighbors' adopting a policy change is 2.2 times greater than if a single country acted alone. This paper - a joint product of the Macroeconomics and Growth Division and the Finance and Private Sector Development Division, Policy Research Department - is part of a larger effort in the department to understand the link between policies and growth. The study was funded by the Bank's Research Support Budget under the research project Patterns of Growth (RPO 678-26).
Download or read book Africa s Growth Tragedy written by William Easterly and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Myth of African Growth Tragedy written by Tianze Zhang and published by . This book was released on 2018 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, and insufficient infrastructure. In this essay, I will discuss the possible root of the “trajectory growth” in African countries from both a historical and an institutional perspective. At last, I will discuss the economic opportunities for the future African countries.
Download or read book Statistical Tragedy in Africa written by Morten Jerven and published by Routledge. This book was released on 2017-10-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do we know about economic development in Africa? The answer is that we know much less than we would like to think. This collection assesses the knowledge problem present in statistics on poverty, agriculture, labour, education, health, and economic growth. While diverse in origin, the contributors to this book are unified in two conclusions: the quality and quantity of data needs to be improved; and this is a concern not just for statisticians. Weaknesses in statistical methodology and practice can misinform policy makers, international agencies, donors, the private sector, and the citizens of African countries themselves. This is also a problem for academics from various disciplines, from history and economics to social epidemiology and education policy. Not only does academic work on Africa regularly use flawed data, but many problems encountered in surveys challenge common academic abstractions. By exploring these flaws, this book will provide a guide for scholars, policy makers, and all those using and commissioning surveys in Africa. This book was originally published as a special issue of The Journal of Development Studies.
Download or read book The Economic Tragedy of the XXth Century written by Elsa V. Artadi and published by . This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of per capita GDP for the continent as a whole and for subset of countries south of the Sahara desert. We document the worsening of various income inequality indexes and we estimate poverty rates and headcounts. We then analyze some of the central robust determinants of economic growth reported by Sala-i-Martin, Doppelhofer and Miller (2003) and project the annual growth rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment goods, low levels of education, poor health, adverse geography, closed economies, too much public expenditure and too many military conflicts are seen as key explanations of the economic tragedy.
Download or read book Africa s Growth Tragedy Revisited written by Carl Henrik Knutsen and published by . This book was released on 2011 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond the African Tragedy written by Malinda S. Smith and published by Routledge. This book was released on 2016-12-05 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well researched and insightful, this volume examines the historical and contemporary discourse on African development and the continent's place in the global economy. The chapters critically explore the roles played by various global and local social forces in the construction of the New Partnership for Africa's Development (NEPAD), offering critical insights on financing for development, the WTO and agriculture, ICTs and FDIs and the war on terrorism. NEPAD has been endorsed by the African Union, the Group of Eight and the United Nations System in order to address Africa's deficit through the forging of a global development partnership. This timely resource is suitable for students and policy makers concerned with development in the African post-colonies.
Download or read book Economic Growth and Development in Africa written by Horman Chitonge and published by Routledge. This book was released on 2015-01-09 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, Africa has undergone the longest period of sustained economic growth in the continent’s history, drawing the attention of the international media and academics alike. This book analyses the Africa Rising narrative from multidisciplinary perspectives, offering a critical assessment of the explanations given for the poor economic growth and development performance in Africa prior to the millennium and the dramatic shift towards the new Africa. Bringing in perspectives from African intellectuals and scholars, many of whom have previously been overlooked in this debate, the book examines the construction of Africa’s economic growth and development portraits over the years. It looks at two institutions that play a vital role in African development, providing a detailed explanation of how the World Bank and the IMF have interpreted and dealt with the African challenges and experiences. The insightful analysis reveals that if Africa is rising, only 20-30 per cent of Africans are aboard the rising ship, and the main challenge facing the continent today is to bring on board the majority of Africans who have been excluded from growth. This book makes the complex, and sometimes confusing debates on Africa’s economic growth experience more accessible to a wide range of readers interested in the Africa story. It is essential reading for students and researchers in African Studies, and will be of great interest to scholars in Development Studies, Political Economy, and Development Economics.
Download or read book Africa s Stalled Development written by David K. Leonard and published by Lynne Rienner Publishers. This book was released on 2003 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoughtful discussion probes the international roots of Africa's civil conflicts and lackluster economies. Analyzing an unwitting system that creates a set of incentives inimical to development, the authors offer a new way of thinking about Africa's development dilemmas and the policy options for addressing them. Weak states, aid dependence, crushing debt, and enclave economies, argue the authors, create disincentives for long-term economic growth and even peace. The nature of Africa's interaction with the international system often supports these negative features; thus, the remedy must come from a radical restructuring of that relationship. Africa's Stalled Development heeds that call by presenting specific and innovative prescriptions for change that are sure to stimulate a much-needed debate. -- Publisher description.
Download or read book Measuring African Development written by Morten Jerven and published by Routledge. This book was released on 2016-04-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chief economist for the World Bank's Africa region, Shanta Devarajan, delivered a devastating assessment of the capacity of African states to measure development in his 2013 article "Africa's Statistical Tragedy". Is there a "statistical tragedy" unfolding in Africa now? If so then examining the roots of the problem of provision of statistics in poor economies is certainly of great importance. This book on measuring African development in the past and in the present draws on the historical experience of colonial French West Africa, Ghana, Sudan, Mauritania and Tanzania and the more contemporary experiences of Ethiopia and the Democratic Republic of Congo. The authors each reflect on the changing ways statistics represent African economies and how they are used to govern them. This bookw as published as a special issue of the Canadian Journal of Development Studies.
Download or read book Challenges of African Growth written by B. J. Ndulu and published by World Bank Publications. This book was released on 2007 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty in Africa is largely the outcome of slow growth. With the region hosting 10 percent of the world's population but a staggering 30 percent of the world's poor, the challenges it faces are enormous but NOT insurmountable. The message of this book is clear - poverty-eradicating development in Africa is possible. In fact, there are indications that Africa is at a turning point, and there is growing momentum among front-runner economies in the region toward higher and sustained growth. This study challenges African countries and their development partners to consolidate and continue this momentum and to exploit the advantages of the continent as a latecomer, particularly in innovation and in drawing lessons from successful export-led growth experiences in Asia and Latin America. "Challenges of African Growth" identifies opportunities, constraints, and strategic choices that African countries face in their quest for achieving the growth necessary for poverty alleviation. More important, the study provides a broad menu of stategic options for ensuring not only that countries embark on a growth path, but also that the growth is shared and sustainable. The critical areas for action rest on four pillars: the investment climate; infrastructure; innovation for increasing productivity and competitiveness; and institutional capacity.
Download or read book The African Growth Tragedy written by Karl Wohlmuth and published by . This book was released on 2004 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Legitimacy and Development in Africa written by Pierre Englebert and published by Lynne Rienner Publishers. This book was released on 2000 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Englebert argues that differences in economic performance both within Africa and across the developing world can be linked to differences in historical state legitimacy.
Download or read book The Quality of Growth in Africa written by Akbar Noman and published by Columbia University Press. This book was released on 2019-08-20 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. 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.
Download or read book Africa s Infrastructure written by Vivien Foster and published by World Bank Publications. This book was released on 2010 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This booklet contains the Overview as well as a list of contents from the forthcoming book Africa's Infrastructure: A time for Transformation.
Download or read book Africa s Statistical Tragedy written by Shantayanan Devarajan and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Africa may have overcome its growth tragedy, it is facing a statistical tragedy, in that the statistical foundations of the recent growth in per-capita GDP and reduction in poverty are quite weak. In many countries, GDP accounts use old methods, population censuses are out of date, and poverty estimates are infrequent and often not comparable over time. The proximate reasons have to do with weak capacity, inadequate funding, and a lack of coordination of statistical activities. But the underlying cause may be the political sensitivity of these statistics, and some donors' tendency to go around countries' own National Statistical Development Strategies (NSDS). Greater openness and transparency of statistics, and a higher profile for the NSDS, possibly with “naming and shaming” of those who try to circumvent it, may help Africans turn around their statistical tragedy.
