Adjustment for Growth: The African Experience

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Adjustment for Growth: The African Experience by Amor Mr. Tahari, M. Mr. Nowak, Michael Mr. Hadjimichael, Robert Mr. Sharer, INTERNATIONAL MONETARY FUND
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Author: Amor Mr. Tahari, M. Mr. Nowak, Michael Mr. Hadjimichael, Robert Mr. Sharer ISBN: 9781452780252
Publisher: INTERNATIONAL MONETARY FUND Publication: October 15, 1996
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Amor Mr. Tahari, M. Mr. Nowak, Michael Mr. Hadjimichael, Robert Mr. Sharer
ISBN: 9781452780252
Publisher: INTERNATIONAL MONETARY FUND
Publication: October 15, 1996
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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).

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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).

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