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  • Books  (15)
  • thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth  (15)
  • Oxford University Press  (15)
  • American Association for the Advancement of Science (AAAS)
  • American Chemical Society (ACS)
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  • Books  (15)
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  • 1
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    Oxford University Press
    Publication Date: 2024-04-05
    Description: Despite the rise of global technocratic ideals of city-making, cities around the world are not merging into indistinguishable duplicates of one another. In fact, as the world urbanizes, urban formations remain diverse in their socio-economic and spatial characteristics, with varying potential to foster economic development and social justice. This book argues that these differences are primarily rooted in politics, and if we continue to view cities as economic and technological projects to be managed rather than terrains of political bargaining and contestation, the quest for better urban futures is doomed to fail. Dominant critical approaches to urban development tend to explain difference with reference to the variegated impacts of neoliberal regulatory institutions. This, however, neglects the multiple ways in which the wider politics of capital accumulation and distribution drive divergent forms of transformation in different urban places. In order to unpack the politics that shapes differential urban development, this book focuses on East Africa as the global urban frontier: the least urbanized but fastest urbanizing region in the world. Drawing on a decade of research spanning three case-study countries (Ethiopia, Rwanda, and Uganda), Politics and the Urban Frontier provides the first sustained, book-length comparative analysis of urban development trajectories in Eastern Africa and the political dynamics underpinning them. Through a focus on infrastructure investment, urban propertyscapes, street-level trading economies, and urban political protest, it offers a multi-scalar, historically grounded, and interdisciplinary analysis of the urban transformations unfolding in the world’s most dynamic crucible of urban change.
    Keywords: urban development, East Africa, comparative urban politics, late urbanization, infrastructure, planning, protest, Ethiopia, Rwanda, Uganda ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVS Regional / urban economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPB Comparative politics ; thema EDItEUR::R Earth Sciences, Geography, Environment, Planning::RG Geography::RGC Human geography::RGCM Economic geography
    Language: English
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  • 2
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    Oxford University Press
    Publication Date: 2024-04-07
    Description: Using a range of countries from the Global South, this book examines heterogeneity within informal work by applying a common conceptual framework and empirical methodology. The country studies use panel data to study the dynamics of worker transitions between formal and heterogeneous, informal work. The range of country studies in the book (covering Asia, Latin America, the Middle East, and North Africa and sub-Saharan Africa) allow us to present a comparative perspective across developing countries. Each country study provides a nuanced view of informality, dividing workers into six work status groups: formal wage-employees, upper-tier informal wage-employees, lower-tier informal wage-employees, formal self-employed, upper-tier informal self-employed, and lower-tier informal self-employed. Based on this common conceptual framework, the country studies examine the distribution of workers between each of these work status groups. Using panel data, the country studies document transition patterns across different formality and work status groups. The panel data analysed in each country study gives a basis for making statements about labour market transitions that are not warranted when using comparable cross sections. In addition to measuring the distribution of workers and transitions between work status groups, each country study also examines individual-level and household-level characteristics associated with workers in each work status. Using these characteristics, each country study constructs a ‘job ladder’ that ranks each work status. The country studies then examine the characteristics of workers that are associated with transitions up (and down) the job ladder.
    Keywords: Formal and informal work; Global South; labour market transition; work status; wage-employees; self-employed ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
    Language: English
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  • 3
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    Oxford University Press
    Publication Date: 2024-04-16
    Description: This book explores this developer’s dilemma or ‘Kuznetsian tension’ between structural transformation and income inequality. Developing countries are seeking economic development—that is, structural transformation—which is inclusive in the sense that it is broad-based and raises the income of all, especially the poor. Thus, inclusive economic growth requires steady, or even falling, income inequality if it is to maximize the growth of incomes at the lower end of the distribution. Yet, this is at odds with Simon Kuznets hypothesis that economic development tends to put upward pressure on income inequality, at least initially and in the absence of countervailing policies. The book asks: what are the types or ‘varieties’ of structural transformation that have been experienced in developing countries? What inequality dynamics are associated with each variety of structural transformation? And what policies have been utilized to manage trade-offs between structural transformation, income inequality, and inclusive growth? The book answers these questions using a comparative case study approach, contrasting nine developing countries while employing a common analytical framework and a set of common datasets across the case studies. The intended intellectual contribution of the book is to provide a comparative analysis of the relationship between structural transformation, income inequality, and inclusive growth; to do so empirically at a regional and national level; and to draw conclusions from the cases on the varieties of structural transformation, their inequality dynamics, and the policies that have been employed to mediate the developer’s dilemma.
    Keywords: structural transformation, Kuznetsian tension, economic growth, income inequality, developing countries ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
    Language: English
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  • 4
    Publication Date: 2024-03-30
    Description: This book traces the experience of digital economic transformation in seven developing countries, providing insights for policymakers and practitioners in similar situations as well as lessons for outsiders trying to support government reform efforts more broadly. In one country, the prime minister pushes for the liberalization of digital finance as a central pillar of the country’s national strategy, while the central bank almost makes it a criminal offence. In another, the digital minister tries to scupper the very process to support digital transformation that the president has asked them to co-lead. This book gives a ringside seat on seven developing countries’ tumultuous early steps on the path to a reform of the economy and the government using technology. Written by a group of academics and practitioners from Oxford at the heart of the process, but foregrounding the voices of the policymakers and participants, this book documents and critically assesses efforts to assist a set of governments to kick-start digital transformation. In doing so, it offers lessons for policymakers in other countries. But beyond that, it is an exposition of the process of policymaking more generally in the 2020s, and offers a broader insight as to how outsiders can play a sensible role in other reform processes in developing and emerging countries.
    Description: illustrator
    Keywords: developing countries ; development ; digital ; economic transformation ; emerging economies ; government reform ; public policy ; technology ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy ; thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
    Language: English
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  • 5
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    Oxford University Press
    Publication Date: 2024-04-05
    Description: Around the world, governments are starting to directly measure the subjective wellbeing of their citizens and to use it for policy evaluation and appraisal. What would happen if a country were to move from using GDP to using subjective wellbeing as the primary metric for measuring economic and societal progress? Would policy priorities change? Would we continue to care about economic growth? What role would different government institutions play in such a scenario? And, most importantly, how could this be implemented in daily practice, for example in policy evaluations and appraisals of government analysts, or in political agenda-setting at the top level? This book provides answers to these questions from a conceptual to a technical level by showing how direct measures of subjective wellbeing can be used for policy evaluation and appraisal, either complementary in the short run or even entirely in the long run. It gives a brief history of the idea that governments should care about the happiness of their citizens, provides theories, makes suggestions for direct measurement, derives technical standards, shows how to conduct wellbeing cost-effectiveness and cost-benefit analyses, and gives examples of how real-world policy evaluations and appraisals would change if they were based on subjective wellbeing. In doing so, the book serves the growing interest of governments as well as non-governmental and international organizations in how to put subjective wellbeing metrics into policy practice.
    Keywords: subjective wellbeing, public policy, policy evaluation, policy appraisal, cost-effectiveness analysis, cost-benefit analysis ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVK Welfare economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVJ Health economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
    Language: English
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  • 6
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    Oxford University Press
    Publication Date: 2024-03-30
    Description: This book provides a unique, comparative assessment on how the nature of work is changing in 11 major developing countries, and the role that these changes play in shaping earnings inequality in these societies. It provides a nuanced and context-sensitive developing-country perspective with an in-depth assessment of national trends in earnings inequality, which are assessed against changes in the supply of higher skilled workers and education premia, on the one hand, and changes in the occupational structure and the remuneration of tasks, on the other, while being mindful of broader macroeconomic trends and institutional developments. We start showing that the common assumption that occupations are identical around the world tends to lead to an overestimation of the non-routine task content of jobs in developing and emerging economies. Then, we use country-specific measures of routine-task intensity, along with the standard O*NET measures, and other innovative ways to push the boundaries of existing research and make the most of the limited information that is available in each of the countries under study. We show that the large changes in the composition of workers by education and job routine-task intensity, which developing countries exhibited in the 2000s and 2010s, generally contributed to higher inequality, ceteris paribus. We also find evidence of job polarization or widening of earnings inequality driven by the evolution of routine intensity of jobs in several cases. However, changes in the education premium, along institutional factors, seem to explain inequality trends to a larger extent.
    Keywords: inequality, earnings, labour market, education, occupations, tasks, skills routinization, developing countries ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
    Language: English
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  • 7
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    Oxford University Press
    Publication Date: 2024-03-30
    Description: Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. This book brings together leading academic economists and experts from several international institutions to explain the sources and scale of these challenges. The book summarizes a wide array of empirical evidence and country experiences, lays out practical policy solutions, and devises a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.
    Keywords: Inclusive growth, growth, inequality, equality, poverty, development, climate change, disparities, income distribution, economic policy ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
    Language: English
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  • 8
    Publication Date: 2024-03-30
    Description: While it is possible for economies to grow based on abundant land or natural resources, more often structural change—the shift of resources from low-productivity to high-productivity sectors—is the key driver of economic growth. Structural transformation is vital for Africa. The region’s much-lauded growth turnaround since 1995 has been the result of fewer economic policy mistakes, robust commodity prices, and new discoveries of natural resources. At the same time, Africa’s economic structure has changed very little. Primary commodities and natural resources still account for the bulk of exports. Industry is most often the leading driver of structural transformation. Africa’s experience with industrialization over the past thirty years has been disappointing. In 2010, sub-Saharan Africa’s average share of manufacturing value added in GDP was 10 per cent, unchanged from the 1970s. In fact the share of medium- and high-tech goods in manufacturing production has been falling since the mid-1990s. Per capita manufactured exports are less than 10 per cent of the developing country average. Consequently, Africa’s industrial transformation has yet to take place. This book presents results of comparative country-based research that sought to answer a seemingly simple but puzzling question: why is there so little industry in Africa? It brings together detailed country case studies of industrial policies and industrialization outcomes in eleven countries, conducted by teams of national researchers in partnership with experts on industrial development. It provides the most comprehensive description and analysis available of the contemporary industrialization experience in low-income Africa.
    Keywords: natural resources ; structural transformation ; economic growth ; africa ; industrial development ; Foreign direct investment ; Gross domestic product ; Secondary sector of the economy ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCD Economics of industrial organization ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
    Language: English
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  • 9
    Publication Date: 2024-03-30
    Description: Much of the information relevant to policy formulation for industrial development is held by the private sector, not by public officials. There is, therefore, fairly broad agreement in the development literature that some form of structured engagement—often referred to as close or strategic coordination—between the public and private sectors is needed, to assist in the design of appropriate policies and provide feedback on their implementation. There is less agreement on how that engagement should be structured, how its objectives be defined, and how success be measured. In fact, the academic literature provides little practical guidance on how governments interested in developing such a framework should go about doing it. The burden of this lack of guidance falls most heavily on Africa, where—despite twenty years of growth—lack of structural transformation has slowed job creation and the pace of poverty reduction. In 2014, the Korea International Cooperation Agency (KOICA) and United Nations University World Institute for Development Economics Research (UNU-WIDER) launched a joint research project: The Practice of Industrial Policy. The aim is to help African policy makers develop better coordination between public and private sectors in order to identify the constraints to faster structural transformation and design, implement, and monitor policies to remove them. This book, written by national researchers and international experts, presents the results of that research by combining a set of analytical ‘framing’ essays on close coordination with case studies of successful and unsuccessful efforts at close coordination in Africa and in comparator countries.
    Keywords: policy formulation ; structural transformation ; africa ; industrial development ; public and private sectors ; industrial policy ; Special economic zone ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCD Economics of industrial organization ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies
    Language: English
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  • 10
    Publication Date: 2024-03-23
    Description: Agricultural input subsidies were a major feature of development policies in rural economies until the 1980s. Continuing rural poverty with low productivity and fertilizer use in smallholder staple crops has led to their resurgence in Africa. These subsidies are, however, controversial with claims of both large food security benefits and unsustainable, inefficient resource use. This book reviews current theory and evidence on the strengths and weaknesses of these programmes and the effects of programme context, design, and implementation. Theoretical arguments for agricultural subsidies are based on input promotion where farmers’ private costs (benefits) are higher (lower) than wider economic costs (benefits). These arguments, and concerns about inefficiency and diversion, are reviewed and extended to consider input affordability constraints and ‘smart’ rationing and targeting. Recent programmes in Africa have a variety of generally producer-focused objectives, with varied implementation and programme outcomes. Most pay little attention to consumer interests and potential contributions to wider growth. A detailed examination of Malawi’s controversial agricultural input subsidy programme follows. Drawing on a wide range of information sources, the political and agro-economic contexts of the programme are examined, with evidence on its implementation and impacts from 2005 to 2011. Positive impacts are recorded on beneficiaries’ production, incomes, food consumption, school enrolment, child health, and reduced need for earnings from undertaking casual labour for others. There is evidence of indirect economy-wide impacts, but this is not as strong as might be expected. Targeting and graduation are identified as critically important issues requiring continuing attention.
    Keywords: politics ; africa ; input subsidies ; malawi ; agricultural development ; agricultural policy ; fertilizers ; Creative Commons ; Creative Commons license ; International Federation of Philosophical Societies ; Maize ; Private sector ; thema EDItEUR::1 Place qualifiers::1H Africa::1HF Sub-Saharan Africa::1HFM Southern Africa::1HFMM Malawi ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics
    Language: English
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  • 11
    Publication Date: 2024-03-30
    Description: This book examines the links between economic growth, changing employment conditions, and the reduction of poverty in Latin America in the 2000s. Our analysis answers the following broad questions: Has economic growth resulted in gains in standards of living and reductions in poverty via improved labour market conditions in Latin America in the 2000s, and have these improvements halted or been reversed since the international crisis of 2008? How do the rate and character of economic growth, changes in the various employment and earnings indicators, and changes in poverty and inequality indicators relate to each other? Our contribution is an in-depth study of the multi-pronged growth-employment-poverty nexus based on a large number of labour market indicators (twelve employment and earnings indicators and four poverty and inequality indicators) for a large number of Latin American countries (sixteen of them). The book presents a positive and hopeful set of findings for the period 2000 to 2012/13. Economic growth took place and brought about improvements in almost all labour market indicators and consequent reductions in poverty rates. But not all improvements were equal in size or caused by the same things. Some macroeconomic factors were associated with changes in labour market conditions, some of them always in the welfare-improving direction and some others always in the welfare-reducing direction. Most countries in the region suffered a deterioration in at least some labour market indicators as a consequence of the international crisis of 2008, but the negative effects were reversed very quickly in most countries.
    Keywords: economic growth ; employment conditions ; reduction of poverty ; latin america ; Financial crisis of 2007–08 ; Gini coefficient ; Gross domestic product ; Labour economics ; Social security ; Unemployment ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
    Language: English
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  • 12
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    Oxford University Press
    Publication Date: 2024-03-30
    Description: Detailed analyses of poverty and wellbeing in developing countries, based on household surveys, have been ongoing for more than three decades. The large majority of developing countries now regularly conduct a variety of household surveys, and their information base with respect to poverty and wellbeing has improved dramatically. Nevertheless, appropriate measurement of poverty remains complex and controversial. This is particularly true in developing countries where (i) the stakes with respect to poverty reduction are high; (ii) the determinants of living standards are often volatile; and (iii) related information bases, while much improved, are often characterized by significant non-sample error. It also remains, to a surprisingly high degree, an activity undertaken by technical assistance personnel and consultants based in developed countries. This book seeks to enhance the transparency, replicability, and comparability of existing practice. It also aims to significantly lower the barriers to entry to the conduct of rigorous poverty measurement and increase the participation of analysts from developing countries in their own poverty assessments. The book focuses on two domains: the measurement of absolute consumption poverty and a first-order dominance approach to multidimensional welfare analysis. In each domain, it provides a series of computer codes designed to facilitate analysis by allowing the analyst to start from a flexible and known base. The volume covers the theoretical grounding for the code streams provided, a chapter on ‘estimation in practice’, a series of eleven case studies where the code streams are operationalized, a synthesis, an extension to inequality, and a look forward.
    Keywords: household surveys ; poverty analysis ; poverty ; developing countries ; wellbeing ; Calorie ; Consumption (economics) ; Famine ; Foreign object damage ; Revealed preference ; Rural area ; Sanitation ; Urban area ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCD Economics of industrial organization ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
    Language: English
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  • 13
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    Oxford University Press
    Publication Date: 2024-03-29
    Description: "International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequate preventive mechanisms, as well as insufficient instruments to finance countries in crisis and to overcome their over-indebtedness. Resetting the International Monetary (Non)System provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century and proposes a comprehensive yet evolutionary reform of the system. Criticising the ad hoc framework- a ""(non)system""- that has evolved following the breakdown of the Bretton Woods arrangement in the early 1970's, Resetting the International Monetary (Non)System places a special focus on the asymmetries that emerging and developing countries face, analysing the controversial management of crises by the International Monetary Fund and proposing a consistent set of reform proposals to design a better system of international monetary cooperation. Policy orientated and structured to deal in a sequential way with the issues involved, it suggests provision of international liquidity through a system that mixes the multicurrency arrangement with a more active use of the IMF's Special Drawing Rights; stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management and freedom to manage capital flows; additional automatic balance-of-payments financing facilities and the complementary use of swap and regional arrangements; a multilateral sovereign debt workout mechanism; and major reforms of the system's governance."
    Keywords: economics ; monetary economics ; Ghana ; Gross domestic product ; Liberia ; Malaysia ; Thailand ; Uganda ; bic Book Industry Communication::J Society & social sciences::JP Politics & government ; bic Book Industry Communication::K Economics, finance, business & management::KC Economics ; bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCG Economic growth ; bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies ; bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCP Political economy ; thema EDItEUR::J Society and Social Sciences::JP Politics and government ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
    Language: English
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  • 14
    Publication Date: 2024-03-28
    Description: Many developing countries—Viet Nam included—continue to struggle to raise incomes per capita. A common feature of the growth and development process is a fundamental change in the pattern of economic activity, as households reallocate labour from traditional agriculture to more productive forms of agriculture and modern industrial and service sectors. Broad structural transformation and widespread poverty reduction is the combined result of these large-scale shifts in work and labour allocation when they realize desired development goals. The roots of this book grow from when the first pilot Viet Nam Access to Resources Household Survey (VARHS) was carried out in 2002. The success of this inspired the Central Institute of Economic Management (CIEM) in Hanoi, the Institute of Policy and Strategy for Agriculture and Rural Development (CAP-IPSARD), the Institute of Labour Science and Social Affairs (ILSSA), and the Development Economics Research Group (DERG) of the University of Copenhagen, together with Danida and, later on, UNU-WIDER, to plan and carry out a more ambitious VARHS from 2006, increasing coverage and representativeness to more than 2,150 families and 12 provinces across the various regions of Viet Nam. The VARHS covering these very same households had, by 2014, been carried out five times, that is, every two years. It is on this high-quality panel data foundation and almost fifteen years of study and policy work using the VARHS data that the present volume builds, in its effort to bring out the essential rural microeconomic characteristics and insights of a dynamic South-East Asian economy in transition from a centrally planned towards a more market-based economy.
    Keywords: agriculture ; structural transformation ; development process ; household survey ; poverty reduction ; viet nam ; Rice ; Vietnam ; Vietnamese people ; thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
    Language: English
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  • 15
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    Oxford University Press
    Publication Date: 2024-03-30
    Description: 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.
    Keywords: sub-saharan africa ; economic growth ; living conditions ; poor ; development ; poverty ; wellbeing ; Consumer price index ; Gross domestic product ; Inflation ; Rural area ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth ; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
    Language: English
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