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This is an open access title available under the terms of a CC BY4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Many African countries have experienced unprecedented rates of economic growth in recent years, yet their economic transformations display features that could constrain their future growth prospects. Patterns of urbanization without industrialization, rapid growth of low productivity jobs in the informal economy, and a neglected agricultural sector with increased need for important foods are all areas for concern as Africa continues to develop. Using Ghana as a case study, Ghana's Economic and Agricultural Transformation: Past Performance and Future Prospects integrates economic and political analysis to explore the challenges and opportunities of Africa's transformation. It examines Ghana's overall economic performance since it went through a major Structural Adjustment Program in the early 1980s, and provides an in-depth empirical analysis of the broader economy and the agricultural sector over the last four decades. It explains why Ghana has not transformed its economy more substantially, why its agriculture sector has not played a greater role beyond cocoa production, and what must be done in the future to achieve a successful transformation. In addressing these puzzles Ghana's Economic and Agricultural Transformation considers what the rest of the world can learn from Ghana's experience.
This book investigates the structural constraints and policy failures that have prevented Ghana from achieving a more comprehensive economic and agricultural transformation over the last four decades. The authors, Peter B. R. Hazell, Shashidhara Kolavalli, and Xinshen Diao, utilize extensive empirical data and political economy frameworks to evaluate the nation's performance following the Structural Adjustment Program of the 1980s. They argue that while Ghana has experienced growth, it remains hampered by urbanization without industrialization and an over-reliance on cocoa production, necessitating a shift in strategic focus.
What You Will Find
Scope Limits
Experts recognize this work as a rigorous, data-driven examination of African development challenges. Readers frequently note the academic density of the prose, making it a valuable resource for policy analysts and scholars of development economics.
Page Count:
309
Publication Date:
2019-01-01
Publisher:
OUP Oxford
ISBN-10:
0192584049
ISBN-13:
9780192584045
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