The Global Financial Crisis and Development: Whither Africa

Augustin Fosu ()

No wp-2010-124, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The global economic crisis beginning in 2008 has come at a very inopportune time for Africa. Sub-Saharan Africa (SSA) appeared to be on a march toward real economic and human progress, following the dismal performance of the 1980s and early 1990s. Economic growth had resurged since the mid-1990s, and was above the world average at the beginning of the early twenty-first century. Poverty had also declined considerably from their heights of the mid-1990s, rivaling the record over the same period for South East Asia and India, for instance.

Keywords: Economic development; Financial crisis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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