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Book Cover
Author Salinas, Gonzalo, author

Title Growth in Africa under peace and market reforms / Gonzalo Salinas, Cheikh Gueye, and Olessia Korbut
Published [Washington, D.C.] : International Monetary Fund, [2011]
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Description 1 online resource (30 pages) : illustrations
Series IMF working paper, 2227-8885 ; WP/11/40
IMF working paper ; WP/11/40
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Development Thinking: Still Split in Two Camps; III. SSA Relative Stagnation in Perspective; IV. Importance of Stabilization/Liberalization: Existing Evidence; V. SSA Under Peace and Market Reforms; VI. The Apparent Payoff of Stabilization/Liberalization; VII. Reverse Causality: Did Good Performance Lead to Stabilization/Liberalization?; VIII. Conclusion and Policy Implications; Footnotes
Summary Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the regions ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports. Yet, we find that low growth has not been common to all SSA countries and that those that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, as high as ASEAN-5 countries. This group of SSA countries attained high growth while maintaining their specialization in natural resource exports. Our analysis also rejects the hypothesis of reverse causality: that good growth performance allowed countries to attain political stability or liberalize their economies
Bibliography Includes bibliographical references
Subject Economic development -- Africa.
Economic stabilization -- Africa.
Free trade -- Africa.
Africa -- Politics and government.
Form Electronic book
Author Gueye, Cheikh A. (Cheikh Anta), author
Korbut, Olessia, author
International Monetary Fund. African Department, issuing body
ISBN 1283558955