Growth, Jobs and Poverty in Sub-Saharan Africa: No Country Left Behind

By Moazam Mahmood

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 303091576X
• ISBN13: 9783030915766
• Release Date: July 2023
• Publisher: Palgrave MacMillan
• Length: 242 Pages
• Weight: 0.76 lbs.
• Dimensions: 0.6" x 5.8" x 8.3"