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Restarting and Substaining Growth and Development in Africa

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Author Info
Duesenberry, J.
Goldsmith, A.A.
McPherson, M.
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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Publisher Info
Paper provided by EAGER Publication/BHM in its series Equity and Growth through Economic Research with number 28.

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

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Related research
Keywords: ECONOMIC DEVELOPMENT FISCAL POLICY

Find related papers by JEL classification:
O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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