Growth and Poverty in Sub-Saharan Africa

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...

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Julkaistu: Oxford University Press 2021
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description 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.
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spelling doab-20.500.12854ir-321282025-07-30T10:21:04Z Growth and Poverty in Sub-Saharan Africa Arndt, Channing McKay, Andy Tarp, Finn sub-saharan africa economic growth living conditions poor development poverty wellbeing Consumer price index Gross domestic product Inflation Rural area thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies 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. 2021-02-10T12:58:18Z 2016-12-31 23:55:55 2018-10-03 09:09:28 2020-04-01T14:17:52Z 2016 book 606710 OCN: 921238559 http://library.oapen.org/handle/20.500.12657/32738 9780198744795 https://directory.doabooks.org/handle/20.500.12854/32128 eng WIDER Studies in Development Economics open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/32738/1/606710.pdf https://library.oapen.org/bitstream/20.500.12657/32738/1/606710.pdf https://library.oapen.org/bitstream/20.500.12657/32738/1/606710.pdf https://library.oapen.org/bitstream/20.500.12657/32738/1/606710.pdf https://library.oapen.org/bitstream/20.500.12657/32738/1/606710.pdf Oxford University Press 10.1093/acprof:oso/9780198744795.001.0001 10.1093/acprof:oso/9780198744795.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 UNU WIDER 9780198744795 528 Oxford, UK open access
spellingShingle sub-saharan africa
economic growth
living conditions
poor
development
poverty
wellbeing
Consumer price index
Gross domestic product
Inflation
Rural area
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
Growth and Poverty in Sub-Saharan Africa
title Growth and Poverty in Sub-Saharan Africa
title_full Growth and Poverty in Sub-Saharan Africa
title_fullStr Growth and Poverty in Sub-Saharan Africa
title_full_unstemmed Growth and Poverty in Sub-Saharan Africa
title_short Growth and Poverty in Sub-Saharan Africa
title_sort growth and poverty in sub saharan africa
topic sub-saharan africa
economic growth
living conditions
poor
development
poverty
wellbeing
Consumer price index
Gross domestic product
Inflation
Rural area
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
topic_facet sub-saharan africa
economic growth
living conditions
poor
development
poverty
wellbeing
Consumer price index
Gross domestic product
Inflation
Rural area
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
url 606710