European Parliament Library

Growth in Africa Under Peace and Market Reforms, Olessia Korbut, Gonzalo Salinas, Cheikh Gueye

Abstract
Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region’s ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports. Yet, we find that low growth has not been common to all SSA countries and that those that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, as high as ASEAN-5 countries. This group of SSA countries attained high growth while maintaining their specialization in natural resource exports. Our analysis also rejects the hypothesis of reverse causality: that good growth performance allowed countries to attain political stability or liberalize their economies
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Development Thinking: Still Split in Two Camps; III. SSA Relative Stagnation in Perspective; IV. Importance of Stabilization/Liberalization: Existing Evidence; V. SSA Under Peace and Market Reforms; VI. The Apparent Payoff of Stabilization/Liberalization; VII. Reverse Causality: Did Good Performance Lead to Stabilization/Liberalization?; VIII. Conclusion and Policy Implications; Footnotes
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455233045

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