Raising Growth and Investment in Sub-Saharan Africa: What Can be Done?
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Summary:
This paper argues that sub-Saharan Africa’s growth performance needs to be improved substantially in order to raise standards of living to an acceptable level and achieve a visible reduction in poverty. The paper provides a broad overview of the explanations for sub-Saharan Africa’s unsatisfactory growth performance in the past, paying particular attention to the empirical literature. It argues that growth has been hampered by economic distortions and institutional deficiencies that have increased the risk of investing in Africa, and lowered the rates of return on capital and labor as well as the growth of total factor productivity.
Series:
Policy Discussion Paper No. 2000/004
Subject:
Infrastructure National accounts Poverty Poverty reduction Poverty reduction and development Poverty reduction strategy Private investment
English
Publication Date:
May 1, 2000
ISBN/ISSN:
9781451973518/1564-5193
Stock No:
PPIEA0042000
Pages:
27
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