Raising Growth and Investment in Sub-Saharan Africa
Sub-Saharan Africa's long-term growth performance will need to improve significantly for the region to visibly reduce poverty and raise the standard of living to an acceptable level. Appropriate actions will also be needed to ensure that an ad...
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2001/06/1552098/raising-growth-investment-sub-saharan-africa http://hdl.handle.net/10986/9807 |
| Summary: | Sub-Saharan Africa's long-term
growth performance will need to improve significantly for
the region to visibly reduce poverty and raise the standard
of living to an acceptable level. Appropriate actions will
also be needed to ensure that an adequate share of the
growing income is devoted to reducing poverty. The key
policy question for these countries and their development
partners is how to spur economic growth. Empirical studies
suggest that the contributions to growth of physical
investment and total factor productivity in sub-Saharan
Africa have been low in comparison with other regions and
have declined over time. These trends have reflected
inefficiencies in resource allocation, poor delivery of
public goods, notably health care and education; and the
high risk of doing business in many parts of the region.
Moreover, although the labor force has expanded rapidly, its
productivity has remained relatively low because of
generally poor standards of health and education. |
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