Description
| Product ID: | 9783030915735 |
| Product Form: | Hardback |
| Country of Manufacture: | GB |
| Title: | Growth, Jobs and Poverty in Sub-Saharan Africa |
| Subtitle: | No Country Left Behind |
| Authors: | Author: Moazam Mahmood |
| Page Count: | 242 |
| Subjects: | Labour / income economics, Labour economics, Economic growth, Development economics and emerging economies, Economic growth, Development economics & emerging economies, Sub-Saharan Africa |
| Description: | Sub-Saharan Africa (SSA) should not be defined by the structural parameters and opportunities of low-income countries, given that it also comprises a number of higher-income countries. Sub-Saharan Africa (SSA) should not be defined by the structural parameters and opportunities of low-income countries, given that it also comprises a number of higher-income countries. This book finds that SSA is tightly constrained in its growth, employment and poverty outcomes. Rather than taking this as a conceptual downside, these constraints to growth and development have to be recognised and overcome-not just by a few countries able to escape them more easily, but by all countries in SSA, such that no country is left behind. The book observes a weakness in the quantum of growth in SSA. It relates this to a growth path based more on extractives than manufactured goods. While SSA is endowed with extractives, global demand for these is very volatile. These boom-bust cycles in export demand come to affect not just the export sector in SSA as a resource curse, but also the production of output of the entire economy. The book captures this through the working out of equilibrium in four major markets: the tradeables market, the domestic goods market, the labour market, and the money market. |
| Imprint Name: | Springer Nature Switzerland AG |
| Publisher Name: | Springer Nature Switzerland AG |
| Country of Publication: | GB |
| Publishing Date: | 2022-07-16 |
