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022 _a0963-8024
022 _a1464-3723
040 _aTBS
_bEN
_cTBS
041 _aeng
100 _aRodrik, Dani
_912580
_eauthor
245 _aAn African growth miracle?
_c/ Dani Rodrik.
260 _bJournal of African Economies,
_c2018.
300 _a10-27 pages.
362 _aJournal of African economies, 2018-01, Vol.27 (1), p.10-27
520 _aAfrica's recent growth performance has raised expectations of a bright economic future for the continent after decades of decline. Yet there is a genuine question about whether Africa's growth can be sustained, and if so, at what level. The balance of the evidence suggests caution on the prospects for high growth. While the region's fundamentals have improved, the payoffs to macroeconomic stability and improved governance are mainly to foster resilience and lay the groundwork for growth, rather than to generate productivity growth on their own. The traditional engines behind rapid growth, structural change and industrialization, seem to be operating at less than full power. If African countries do achieve growth rates substantially higher, they will have to do so pursuing a growth model that is different from earlier miracles based on industrialization. This might be agriculture-led or services-led growth, but it will look quite different than what we have seen before.
630 0 _aMSc International Business
_926977
650 0 _aDeveloping countries
_98743
650 0 _aDevelopment economics
_926862
650 0 _aProductivity
_93618
650 0 _aService industries
_91728
856 _uhttps://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/lfp6e4byyz
942 _2lcc
999 _c5218
_d5218