Macroeconomic Reform and Employment: an Investment-Led Strategy of Structural Adjustment in Sub-Saharan Africa

Keith Griffin
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Keith Griffin: University of California

Chapter 7 in Studies in Development Strategy and Systemic Transformation, 2000, pp 139-178 from Palgrave Macmillan

Abstract: Abstract There are 50 countries in sub-Saharan Africa.1 These countries, containing over 600 million people, are among the poorest in the world. Indeed the World Bank classifies 74 per cent of the countries of sub-Saharan Africa as ‘Iowincome economies’ and the United Nations Development Programme classifies 79 per cent as being ‘low human development’ countries. In most cases low income and low human development coincide, but in Angola, Cameroon and Senegal medium incomes are none the less associated with low human development whereas in Zimbabwe and Congo medium human development has been achieved despite their low incomes. (See Table 7.1.)

Keywords: Gross Domestic Product; Real Exchange Rate; Physical Capital; Formal Sector; Structural Adjustment (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51041-8_7

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DOI: 10.1057/9780230510418_7

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