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This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. 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.
This book investigates the extent to which recent economic growth in Sub-Saharan Africa has translated into improved living conditions for the region's impoverished populations. The authors, a team of expert economists, utilize a comprehensive comparative framework to analyze data from 16 major African nations. They argue that while macroeconomic stability has improved, the translation of growth into tangible poverty reduction remains inconsistent and fragile across the continent.
What You Will Find
Scope Limits
Experts recognize this work as a foundational empirical study for understanding the nuances of the African growth renaissance. Readers frequently note the academic density of the prose and the rigorous methodology applied to the assessment of regional development outcomes.
Page Count:
464
Publication Date:
2016-01-01
Publisher:
Oxford University Press
ISBN-10:
0191062235
ISBN-13:
9780191062230
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