Regional Economic Outlook, October 2008: Sub-Saharan Africa: Sub-Saharan Africa (October 2008)

Sub-Saharan Africa
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Berg A. International Monetary Fund" October March Devarajan Sh. Policy Research Working Paper ", June Gabon, Article IV Consultation. Lundgren Ch. Martinez M.

Nigeria, Article IV Consultation. May Patillo C. September Sachs J. Mohsin Mr. Sanjeev Mr. African Dept. Regional Economic Outlook Book How to write a great review. The review must be at least 50 characters long. The title should be at least 4 characters long. Your display name should be at least 2 characters long. At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer's personal information. You submitted the following rating and review.

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Sub-Saharan Africa

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Economic scarring - The long-term impacts of the recession By John Irons - Economic Policy Institute Economic recessions are often portrayed as short-term events. Since the mids, Sub-Saharan Africa SSA , the 'hopeless continent' "Economist" has surprised many as it has become one of the fastest growing regions in the world. The year saw a tapering off of the recovery, followed by a dip in both growth and employment in It has been estimated that the Arrangement saves U. However, as compared to the previous boom-bust cycles of the s oil booms, growth during the current takeoff period has remained resilient, also due to strengthened macroeconomic balances. The OECD observed that many MNEs have adopted codes of conduct concerning labor practices in their foreign affiliate firms and discussed various policies aimed at strengthening the contribution of Foreign Direct Investment to improved wages and working conditions. The few recent empirical studies available at the cross country level show the existence of rising inequality in wages and earnings.

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Overview of Economic Recovery

Chi ama i libri sceglie Kobo e inMondadori. Choose Store. Or, get it for Kobo Super Points! Growth in the region is projected to dip to 6 percent in and The fall is due mainly to the global food and fuel price shock, which has weighed particularly on growth in oil-importing countries, and to the global financial market turmoil, which has slowed global growth and demand for Africa's exports. Inflation is expected to rise to 12 percent in , mainly on account of the food and fuel price shock.

As a result of rising prices, particularly of food, poverty may well be on the increase in In , inflation should ease to 10 percent, helped by recent commodity price declines. There are significant risks to the outlook related to a potentially deeper and longer period of global financial turmoil and resulting slowdown in global activity, and substantial uncertainty concerning commodity prices. In this series View all. Book Regional Economic Outlook. Skip this list. Ratings and Book Reviews 0 0 star ratings 0 reviews. Overall rating No ratings yet 0. How to write a great review Do Say what you liked best and least Describe the author's style Explain the rating you gave Don't Use rude and profane language Include any personal information Mention spoilers or the book's price Recap the plot.

Close Report a review At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer's personal information. Would you like us to take another look at this review? No, cancel Yes, report it Thanks! You've successfully reported this review. Poverty and Development in Africa. Most African nations suffer from military dictatorships, corruption, civil unrest and war, underdevelopment and deep poverty. The majority of the countries classified by the UN as least developed are in Africa. Numerous development strategies have failed to yield the expected results.

Although some believe that the continent is doomed to perpetual poverty and economic slavery, Africa has immense potential.

A publication of AAEA

Health Poverty Action Mozambican Civil Society Mobilizes for Defending Resources and Land August 2, More than 30 Mozambican civil society organizations have committed to take concerted action against privatization of land and looting of natural resources. YaleGlobal Insuring a Healthier Future July 2, The growing urban middle class in Africa is driving the expansion in the private insurance market. Business Day Africa's Biggest Market Lies Within July 1, A new ECA-AU report says that increasing continental trade and improving regional infrastructure has facilitated African development and interaction in international markets because there is a high global demand for African resources such as oil and metals.

Africa: Poor Excluded from Benefits of High Economic Growth June 20, The African Economic Outlook report has found that African states experienced high economic growth during the s due to good macroeconomic management, growth in trade, and foreign investment into oil-rich states.

Commentaries

In spite of high unemployment, high inequality and civil unrest, the IMF is pushing Tunisia's government to implement further austerity programs. Western governments consider Tunisia a "progressive North African Muslim Nation," and the present condition of the country is underreported in the western media. Expenses are expected to surpass original estimates by percent. The expected growth in infrastructure and small local businesses has not come close to offsetting the funds that have been diverted from long-term priorities such as healthcare and education.

FIFA and international corporate sponsors such as McDonald's and Coca Cola are the biggest beneficiaries of the event with much of the local South African population unable to even attend the matches. AlterNet Renewing the Promise of Education for All June 15, The adoption of universal education programs has increased the number of African children attending school. However, there are still 43 million children in sub-Saharan Africa who do not have access to education.

As the number of children in school is increasing, there is a widening gap in quality.

Africa rising? The economic history of sub-Saharan Africa

Policies must address the inequalities that reserve the best resources and education for the wealthiest and leave other children with ill-equipped and poorly financed schools. The article proposes that progress will not come from outside aid "but from what the Congolese do for themselves" and from "long-term investment by businesses - foreign and local. However, future investments in the mining sector may cause even more problems. The Christian Science Monitor Change Beckons for Billionth African December 28, Africa has the fastest growing population in the world: by the numbers are predicted to double - to1.

With an escalating and increasingly young population the continent will face a range of new challenges. Urbanization and an increase in 'mega-cities' is likely to bring problems caused by bad roads and road accidents , crime and smoking-related health problems. Against prevalent pessimism, this article documents the hope that with investment in education, healthcare and professional training, the emergent African population will know a better future.

Guardian China Praised for African Links October 11, Rwandan President Paul Kagame criticized Western countries for not making any industrial investment in the continent and limiting their contributions to humanitarian aid.

Admitting the need for aid, Kagame added that the aid should be "implemented in such a way as to enable trade and build up companies. To support his opinion, Kufuor gives the example of a school feeding project, funded by the Netherlands, which provided one hot meal a day for more than , children. The ex-president worries that development aid in the region will decrease due to the financial crisis.

DRC needs new institutional solutions to reduce the violence and the corruption in the country. This article urges strong international corporations, as well as a newly created watchdog committee in DRC, to make sure that the government spends the income from the country's large mineral wealth on delivering basic services such as health care, education and transport infrastructure.

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Policy Innovations. The food crisis intensifies as Western biofuel companies are acquiring large amounts of land in Africa — sometimes free of charge. By removing farm land from food production to produce energy crops, the companies increase African dependency on food imports and drive up food prices.

The biofuel companies promise to invest in infrastructure and education in return for using the land. But, say local farmers, the companies have acted in secrecy and failed to pay resettlement compensation to the people who have been forced to leave their homes.

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Sub-Saharan Africa's prospects have deteriorated somewhat and the risks have increased, according to the October Regional Economic. The October Regional Economic Outlook features: (i) an overview of economic developments and prospects in How Does Growth in the WAEMU Compare with Other Sub-Saharan African Countries? Institutional Quality, –

Der Spiegel.