The book explores the complexities of Sub-Saharan Africa, emphasizing that it includes both low and higher-income countries. It argues that growth, employment, and poverty in the region are significantly constrained, and these challenges must be addressed collectively. Rather than viewing these constraints as merely negative, the author advocates for a unified approach to overcoming them, ensuring that all countries in SSA progress together and that no nation is left behind in the pursuit of development.
Growth, Jobs and Macro Policy in Developing Countries
357pages
13 heures de lecture
The financial crisis in advanced economies and its impact on developing countries has put the longer term agenda of development – structural transformation of countries, of their growth, jobs, poverty and distribution – on the analytic and policy backburner. Day to day management of macro fundamentals in the global economy and the labour market have consumed decision makers with faltering GDP growth, soaring unemployment, and a resurgent threat of deflation. Without understanding and addressing the structural constraints and imbalances underpinning such global problems, the world economy is doomed to experience an increasing number of crises and emerging dualisms between countries. The aim of this book is to bring back a balance to the development debate by re-focusing on the structural development challenges faced by developing countries. The book develops a coherent analytical framework supported by a large body of new empirical evidence linking three core dimensions – thestructure of growth, employment, and their macro drivers. Then, for each of these dimensions and relationships a variety of effective policies are also identified and elucidated with the added granularity of country cases.
