Adjustment for Growth: The African Experience
October 15, 1996
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Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).
Subject: Economic sectors, Inflation, National accounts, Prices, Private investment, Private savings, Public enterprises, Public sector
Keywords: adjustment experience of sub-Saharan Africa, Africa, Inflation, investment, investment in sub-Saharan Africa, investment ratio, OP, policy dialogue, Private investment, Private savings, Public enterprises, public policy, Public sector, rate of inflation low, Sub-Saharan Africa
Pages:
94
Volume:
1996
DOI:
Issue:
007
Series:
Occasional Paper No. 1996/007
Stock No:
S143EA0000000
ISBN:
9781557755667
ISSN:
0251-6365
