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Restarting and Substaining Growth and Development in Africa

Author

Listed:
  • 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.

Suggested Citation

  • Duesenberry, J. & Goldsmith, A.A. & McPherson, M., 1999. "Restarting and Substaining Growth and Development in Africa," Papers 28, Bell Communications - Economic Research Group.
  • Handle: RePEc:fth:bellco:28
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    Keywords

    ECONOMIC DEVELOPMENT ; FISCAL POLICY;

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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