Restarting and Substaining Growth and Development in Africa

J. Duesenberry, A.A. Goldsmith and M. McPherson

Equity and Growth through Economic Research from EAGER Publication/BHM

Abstract: We develop a framework for thinking about how to restart and sustain growth and development in Africa. The framework has three themes --- politics and institutions, macroeconomic management, and enhancing productivity. We conclude that African governments can begin to overcome regression and decline on a sustained basis with a program that emphasizes five issues. These are public sector restraint, increased public sector savings, improved institutions, measures by which African countries can gain from globalization, and pro-active steps to end aid dependence. Focusing on these matters will help African governments simplify their development agendas and constructively engage the public sector in the task of promoting growth and development.

Keywords: ECONOMIC DEVELOPMENT; FISCAL POLICY (search for similar items in EconPapers)
JEL-codes: O20 O40 O55 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:eagerd:28

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