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The idea of economic development: Views from Africa

Hippolyte Fofack

No 93, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Although development generally refers to a broad concept, the quest for development in Sub-Saharan Africa has been biased by ideological considerations which made abstraction of local conditions and people’s aspirations. The prevalent development models have used increased national income as a sufficient statistics for broad-based development. This paper argues for an alternative and a more comprehensive and reflexive development framework that harnesses local and global knowledge and advocates generalized balanced growth and structural transformation to move Sub-Saharan African countries towards self-reliance—their collectively defined aspirational goal. Analytically, it shows that the potential development outcomes of the region under such an endogenous framework would be superior to the results achieved under the prevailing development models.

Keywords: aspirational goals; balanced growth; self-reliance; structural transformation (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-pke
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp2014-093

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