Economic Transformation in Sub-Saharan Africa: The Way Forward

Sub-Saharan Africa is diverse, with 49 countries ranging in population, size, and economic scale. It has the worst record in social and economic indicators, such as gross national income per head, life expectancy, youth literacy rate, adult HIV infection, and children not living past five years of age. This book examines recent economic developments and trends, discusses the major economic constraints, and argues that the region is poised for transformation due to regional economic cooperation, a growing middle class, increased demand for locally produced goods and services, and a young population.

\n Format: Hardback
\n Length: 60 pages
\n Publication date: 22 April 2021
\n Publisher: Taylor & Francis Ltd
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Sub-Saharan Africa is a vast and diverse region, consisting of 49 countries with varying populations, sizes, and economic scales. The region displays a remarkable diversity in topography, climate, history, culture, languages, and political systems, making it challenging to draw general conclusions about its economic performance as a whole. Additionally, the lack of current statistics for several countries makes it difficult to assess economic conditions accurately. Nevertheless, some broad comparisons can be made. Sub-Saharan Africa has the worst record in virtually all of the most important social and economic indicators among the world's developing areas. It has the lowest gross national income per head, the lowest life expectancy at birth, the lowest youth literacy rate, the highest rate of adult HIV infection, and the highest number of children not living past five years of age.

This volume begins by examining recent economic developments and trends in Sub-Saharan Africa. It then delves into the major economic constraints the region has faced in recent years, categorizing them as either external factors, such as terms of trade, over which individual countries have limited control, or internal factors, such as governance and economic policy, over which countries have more control. The book concludes by arguing that, despite the notable challenges outlined above, Sub-Saharan Africa is poised for a transformation. This transformation will be driven by closer regional economic cooperation, a growing middle class, increased demand for locally produced goods and services, and a young population.

In conclusion, Sub-Saharan Africa is a complex and diverse region with a wide range of economic, social, and political challenges. While it faces significant obstacles, there are also opportunities for growth and development. By fostering closer regional economic cooperation, promoting a growing middle class, and increasing demand for locally produced goods and services, Sub-Saharan Africa can overcome its challenges and achieve sustainable economic growth.

\n Weight: 210g\n
Dimension: 145 x 222 x 12 (mm)\n
ISBN-13: 9780367498689\n \n