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Restarting and Substaining Growth and Development in Africa

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  • Duesenberry, J.
  • Goldsmith, A.A.
  • McPherson, M.
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    Abstract

    We develop a framework for thinking about how to restart and sustain growth and development in Africa. The framework has three themes --- politics and institutions, macroeconomic management, and enhancing productivity. We conclude that African governments can begin to overcome regression and decline on a sustained basis with a program that emphasizes five issues. These are public sector restraint, increased public sector savings, improved institutions, measures by which African countries can gain from globalization, and pro-active steps to end aid dependence. Focusing on these matters will help African governments simplify their development agendas and constructively engage the public sector in the task of promoting growth and development.

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    Bibliographic Info

    Paper provided by Bell Communications - Economic Research Group in its series Papers with number 28.

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    Length: 20 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:bellco:28

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    Postal: Bell Communications Research; Economic Research Group, 445 South street Morristown, NJ 07962-1910, USA

    Related research

    Keywords: ECONOMIC DEVELOPMENT ; FISCAL POLICY;

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