The prospects for sustained growth in Africa

benchmarking the constraints

The prospects for sustained growth in Africa
Simon Johnson, Simon Johnson
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Last edited by WorkBot
January 22, 2010 | History

The prospects for sustained growth in Africa

benchmarking the constraints

A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation.

Publish Date
Language
English
Pages
37

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Edition Availability
Cover of: Prospects for Sustained Growth in Africa
Prospects for Sustained Growth in Africa: Benchmarking the Constraints
2007, International Monetary Fund
in English
Cover of: Prospects for Sustained Growth in Africa
Prospects for Sustained Growth in Africa: Benchmarking the Constraints
2007, International Monetary Fund
in English
Cover of: The prospects for sustained growth in africa
The prospects for sustained growth in africa: benchmarking the constraints
2007, National Bureau of Economic Research
electronic resource : in English
Cover of: The prospects for sustained growth in Africa
The prospects for sustained growth in Africa: benchmarking the constraints
2007, National Bureau of Economic Research
in English
Cover of: Prospects for Sustained Growth in Africa
Prospects for Sustained Growth in Africa: Benchmarking the Constraints
2007, International Monetary Fund
in English

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Book Details


Edition Notes

"May 2007"

Includes bibliographical references.

Also available in PDF from the NBER world wide web site (www.nber.org).

Published in
Cambridge, Mass
Series
NBER working paper series -- no. 13120., Working paper series (National Bureau of Economic Research) -- working paper no. 13120.

The Physical Object

Pagination
37, [30] p. ;
Number of pages
37

ID Numbers

Open Library
OL17634138M
OCLC/WorldCat
144588997

Source records

Oregon Libraries MARC record

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January 22, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page