Macroeconomic Policy Framework for Africa's Structural Transformation

The main objective of this book is to identify the key sources of growth which have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The book assesses to what extent the existing macroeconomic frameworks among African countries have been streamlined to the countries' development priorities in order to achieve long-term growth and economic transformation. Taking into account the diversity of African countries, the authors establish the economic linkages between relevant macroeconomic policy variables and the key sources of growth and development among the selected African economies, based on both theoretical and empirical underpinnings. Following this, an outline of a macroeconomic framework for Africa's long-term growth and economic transformation is suggested.

Identifies the key factors that have driven Africa's recent economic growth Puts forward a framework of macroeconomic policies to promote long-term economic transformation Assesses the challenges and opportunities associated with implementing effective macroeconomic strategies Includes contributions from well-regarded scholars with expertise in African economies

Autorentext
Carlos Lopes is Professor at the Graduate School of Development Policy and Practice, University of Cape Town and Visiting Fellow, Oxford Martin School, Oxford University.
Abdalla Hamdok is Chief Economist and Deputy Executive Secretary of the United Nations Economic Commission for Africa.
Adam Elhiraika is Director of the Macroeconomic Policy Division at the United Nations Economic Commission for Africa.

Klappentext

This book identifies the key sources of growth that have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The chapters assess to what extent the existing macroeconomic frameworks among African countries have been streamlined to the countries' development priorities in order to achieve long-term growth and economic transformation.

Taking into account the diversity of African countries, the authors establish the economic linkages between relevant macroeconomic policy variables and the key sources of growth and development among the selected African economies, based on both theoretical and empirical underpinnings. Following this, the authors suggest an outline of a macroeconomic framework for Africa's long-term growth and economic transformation.

Inhalt

1. Overview of Africa's Structural Transformation and Policy Imperatives.- 2. Africa's Development Trajectory: Past, Present and Future Directions.- 3. Empirical Anatomy of Structural Transformation of African Economies.- 4. Macroeconomic Policy and Structural Transformation : Fiscal Policy.- 5. Macroeconomic Policy and Structural Transformation: Monetary, Exchange Rate and Other Financial Policies.- 6. Selected Related Sectoral Policies and Structural Transformation in Africa.- 7. Pathways to Structural Transformation of African Economies.