Growth, Jobs and Poverty in Sub-Saharan Africa

No Country Left Behind

Moazam Mahmood

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English

Springer Nature Switzerland AG
16 July 2023

Labour economics; Economic growth; Development economics

Sub-Saharan Africa (SSA) should not be defined by the structural parameters and opportunities of low-income countries, given that it also comprises a number of higher-income countries. This book finds that SSA is tightly constrained in its growth, employment and poverty outcomes. Rather than taking this as a conceptual downside, these constraints to growth and development have to be recognised and overcome—not just by a few countries able to escape them more easily, but by all countries in SSA, such that no country is left behind.

The book observes a weakness in the quantum of growth in SSA. It relates this to a growth path based more on extractives than manufactured goods. While SSA is endowed with extractives, global demand for these is very volatile. These boom-bust cycles in export demand come to affect not just the export sector in SSA as a resource curse, but also the production of output of the entire economy. The book captures this through the working out of equilibrium in four major markets: the tradeables market, the domestic goods market, the labour market, and the money market.

By: Moazam Mahmood
Imprint: Springer Nature Switzerland AG
Country of Publication: Switzerland
Edition: 2022 ed.
Dimensions: Height: 210mm, Width: 148mm,
Weight: 348g
ISBN: 9783030915766
ISBN 10: 303091576X
Pages: 242
Publication Date: 16 July 2023
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Moazam Mahmood is Professor in Economics at the Lahore School of Economics (Pakistan) and Visiting Professor at the Capital University of Economics and Business in Beijing (China).