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Raising Growth and Investment in Sub-Saharan Africa

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World Bank (WB)

Abstract: Sub-Saharan Africa's long-term growth performance will need to improve significantly for the region to visibly reduce poverty and raise the standard of living to an acceptable level. Appropriate actions will also be needed to ensure that an adequate share of the growing income is devoted to reducing poverty. The key policy question for these countries and their development partners is how to spur economic growth. Empirical studies suggest that the contributions to growth of physical investment and total factor productivity in sub-Saharan Africa have been low in comparison with other regions and have declined over time. These trends have reflected inefficiencies in resource allocation, poor delivery of public goods, notably health care and education; and the high risk of doing business in many parts of the region. Moreover, although the labor force has expanded rapidly, its productivity has remained relatively low because of generally poor standards of health and education.
Type: Publications & Research :: Brief
Publications & Research
Link: http://hdl.handle.net/10986/9807
Subject: ECONOMIC GROWTH
INVESTMENT
POVERTY REDUCTION
BUSINESS ENVIRONMENT
RISKS
MACROECONOMIC STABILITY
LEGAL SYSTEMS
POLITICAL RISKS
TAX RATES
ARMED CONFLICTS
DEBT OVERHANG
PUBLIC POLICY
EDUCATIONAL STANDARDS
HEALTH STANDARDS
LABOR PRODUCTIVITY
CORRUPTION
INFRASTRUCTURAL CONSTRAINTS
INTERNATIONAL TRADE
EXCHANGE RATES
HIV VIRUSES
ACQUIRED IMMUNE DEFICIENCY SYNDROME
STANDARD OF LIVING
PUBLIC GOODS
ALLOCATION OF RESOURCES AGRICULTURAL SUBSIDIES
AUDITS
BAD GOVERNANCE
BUDGET DEFICITS
CAPITAL FLIGHT
CAPITAL FORMATION
CARTELS
CIVIL SOCIETY
COMPETITIVE EXCHANGE
COMPETITIVE EXCHANGE RATES
CORRUPTION
DEBT
DEBT RELIEF
DEVELOPING COUNTRIES
DRINKING WATER
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
EMPIRICAL LITERATURE
EMPIRICAL STUDIES
EXCHANGE RATES
FOREIGN INVESTORS
GOVERNANCE ISSUES
GROWTH PERFORMANCE
HEALTH CARE
HIGH INFLATION
HUMAN CAPITAL
INCOME
INCOME GROWTH
INFLATION
INTERNATIONAL COMMUNITY
INTERNATIONAL TRADE
LABOR FORCE
LABOR MARKET
LABOR PRODUCTIVITY
LEGAL SYSTEMS
MACROECONOMIC INSTABILITY
MEDIUM TERM
PER CAPITA INCOME
POVERTY ALLEVIATION
POVERTY REDUCTION
PRODUCERS
PRODUCTIVITY
PUBLIC FUNDS
PUBLIC GOODS
PUBLIC INVESTMENT
PUBLIC SECTOR
QUOTAS
REDUCING POVERTY
REFUGEES
RURAL AREAS
SCHOOLS
SOCIAL POLICY
SOCIAL SERVICES
TAX BASE
TAX RATES
TRADE LIBERALIZATION
TRADE POLICY
TRANSACTION COSTS
WAGES
WORKERS




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