Overview
Explains about the growth in SSA that has been much weaker and more volatile than in other regions in last two decades
Presents that Sub-Saharan Africa (SSA) is in danger of being significantly left behind other regions
Discusses about per capita incomes, structures, and poverty in SSA and in the world
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Table of contents (6 chapters)
Keywords
About this book
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.Authors and Affiliations
About the author
Moazam Mahmood is Professor in Economics at the Lahore School of Economics (Pakistan) and Visiting Professor at the Capital University of Economics and Business in Beijing (China).
Bibliographic Information
Book Title: Growth, Jobs and Poverty in Sub-Saharan Africa
Book Subtitle: No Country Left Behind
Authors: Moazam Mahmood
DOI: https://doi.org/10.1007/978-3-030-91574-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-91573-5Published: 16 July 2022
Softcover ISBN: 978-3-030-91576-6Published: 16 July 2023
eBook ISBN: 978-3-030-91574-2Published: 15 July 2022
Edition Number: 1
Number of Pages: XVII, 242
Number of Illustrations: 1 b/w illustrations, 7 illustrations in colour
Topics: African Economics, Economic Growth, Development Economics, Labor Economics