Sustainable Growth in the African Economy: How Durable is Africa’s Recent Performance?

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Jeffrey James

Sustainable Growth in the African Economy

How Durable is Africa’s Recent Performance?

Jeffrey James

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Hardback

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English

Routledge
21 March 2017

Macroeconomics; Development economics

Series: Routledge Studies in Development Economics

The current growth path in sub-Saharan Africa is not following the Lewis model where labour moves from low-productivity agriculture to higher productivity manufacturing. Instead, it is moving directly to inappropriate (import and labour-saving) methods. This book seeks to show how this distorted growth process leaves out the major resource of these countries – labour – and ends up creating unstable employment and underemployment, leading to inequality and poverty. In this way it demonstrates how the entire growth process may be rendered unstable and unsustainable.

Sustainable Growth in the African Economy considers whether the relatively rapid growth of recent years can be maintained or improved upon, with a focus on the process of industrialisation. Basing itself on a well-known dual-economy model, the proposed book focuses on several major problems of industrialisation, which has long been seen as the means of structural change in an economy which begins from a low income level. The book considers how the future trajectory of sub-Saharan Africa compares to recent success stories on other continents, and explains how factors such as rapid population growth and capital and import-intensive technology in manufacturing could foreshadow future social and political problems.

This book will be essential reading to students and policymakers who are concerned with the existing pattern of African growth.

By: Jeffrey James
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 408g
ISBN: 9781138648586
ISBN 10: 1138648582
Series: Routledge Studies in Development Economics
Pages: 174
Publication Date: 21 March 2017
Audience: College/higher education , Further / Higher Education , A / AS level
Format: Hardback
Publisher's Status: Active

Jeffrey James is Emeritus Professor of Development Economics at Tilburg University, the Netherlands.

Reviews for Sustainable Growth in the African Economy: How Durable is Africa’s Recent Performance?

'Africa can solve its long-standing unemployment and poverty problems by tapping into one of its major resource - labour.After thorough analysis of the underlying facts of development and growth trajectory of African countries, this book highlights on the risk ahead as a result of current path, and warns against ignoring the socio-economic consequences of development modality vigorously pursued by most African countries. As such the book provides a timely and relevant insight for policy-makers to look back and take into account the institutional and social implications of the current development trajectory that is loaded with technology and capital heavy projects. I recommend that everybody with interest in African development should read this book.' - Professor Adugna Lemi, University of Massachusetts, Boston, USA 'The book by Jeffrey James is important as it looks at durability of growth in Africa rather than simply on growth rates, and as it is based on a new approach to explain structural change and industrialization processes in Africa.' - Professor Karl Wohlmuth, University of Bremen, Germany