Growth and Poverty in Sub-Saharan Africa

Business & Finance, Economics, Economic Development
Cover of the book Growth and Poverty in Sub-Saharan Africa by , OUP Oxford
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780191062247
Publisher: OUP Oxford Publication: April 14, 2016
Imprint: OUP Oxford Language: English
Author:
ISBN: 9780191062247
Publisher: OUP Oxford
Publication: April 14, 2016
Imprint: OUP Oxford
Language: English

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. While the economic growth renaissance in sub-Saharan Africa is widely recognized, much less is known about progress in living conditions. This book comprehensively evaluates trends in living conditions in 16 major sub-Saharan African countries, corresponding to nearly 75% of the total population. A striking diversity of experience emerges. While monetary indicators improved in many countries, others are yet to succeed in channeling the benefits of economic growth into the pockets of the poor. Some countries experienced little economic growth, and saw little material progress for the poor. At the same time, the large majority of countries have made impressive progress in key non-monetary indicators of wellbeing. Overall, the African growth renaissance earns two cheers, but not three. While gains in macroeconomic and political stability are real, they are also fragile. Growth on a per capita basis is much better than in the 1980s and 1990s, yet not rapid compared with other developing regions. Importantly from a pan-African perspective, key economies-particularly Kenya, Nigeria, and South Africa-are not among the better performers. Looking forward, realistic expectations are required. The development process is, almost always, a long hard slog. Nevertheless, real and durable factors appear to be at play on the sub-continent with positive implications for growth and poverty reduction in future.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. While the economic growth renaissance in sub-Saharan Africa is widely recognized, much less is known about progress in living conditions. This book comprehensively evaluates trends in living conditions in 16 major sub-Saharan African countries, corresponding to nearly 75% of the total population. A striking diversity of experience emerges. While monetary indicators improved in many countries, others are yet to succeed in channeling the benefits of economic growth into the pockets of the poor. Some countries experienced little economic growth, and saw little material progress for the poor. At the same time, the large majority of countries have made impressive progress in key non-monetary indicators of wellbeing. Overall, the African growth renaissance earns two cheers, but not three. While gains in macroeconomic and political stability are real, they are also fragile. Growth on a per capita basis is much better than in the 1980s and 1990s, yet not rapid compared with other developing regions. Importantly from a pan-African perspective, key economies-particularly Kenya, Nigeria, and South Africa-are not among the better performers. Looking forward, realistic expectations are required. The development process is, almost always, a long hard slog. Nevertheless, real and durable factors appear to be at play on the sub-continent with positive implications for growth and poverty reduction in future.

More books from OUP Oxford

Cover of the book The Wonderful Wizard of Oz by
Cover of the book The Oxford Handbook of Credit Derivatives by
Cover of the book Intersections of Value by
Cover of the book The Oxford Handbook of Talent Management by
Cover of the book Deathly Deception by
Cover of the book The Oxford Handbook of Creative Industries by
Cover of the book Stalinist Society by
Cover of the book Researching Religion by
Cover of the book Unsettled Toleration by
Cover of the book Data Protection: A Practical Guide to UK and EU Law by
Cover of the book The Function of Law in the International Community by
Cover of the book The Call of the Wild, White Fang, and Other Stories by
Cover of the book The Oxford Handbook of Populism by
Cover of the book Barbarism and Civilization by
Cover of the book The Rift in The Lute by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy