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Sustainable Growth in the African Economy - How Durable is Africa's Recent Performance? (Paperback)
Loot Price: R1,367
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Sustainable Growth in the African Economy - How Durable is Africa's Recent Performance? (Paperback)
Series: Routledge Studies in Development Economics
Expected to ship within 10 - 15 working days
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The current growth path in sub-Saharan Africa is not following the
Lewis model where labour moves from low-productivity agriculture to
higher productivity manufacturing. Instead, it is moving directly
to inappropriate (import and labour-saving) methods. This book
seeks to show how this distorted growth process leaves out the
major resource of these countries - labour - and ends up creating
unstable employment and underemployment, leading to inequality and
poverty. In this way it demonstrates how the entire growth process
may be rendered unstable and unsustainable. Sustainable Growth in
the African Economy considers whether the relatively rapid growth
of recent years can be maintained or improved upon, with a focus on
the process of industrialisation. Basing itself on a well-known
dual-economy model, the proposed book focuses on several major
problems of industrialisation, which has long been seen as the
means of structural change in an economy which begins from a low
income level. The book considers how the future trajectory of
sub-Saharan Africa compares to recent success stories on other
continents, and explains how factors such as rapid population
growth and capital and import-intensive technology in manufacturing
could foreshadow future social and political problems. This book
will be essential reading to students and policymakers who are
concerned with the existing pattern of African growth.
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