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The Position of Sub-Saharan Countries in the World Economy

Author

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  • Baumgartner Boris

    (University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

Abstract

Most of the countries of sub-Saharan Africa belong to the most underdeveloped and poorest countries in the world economy. This region consists of forty-nine countries but at world GDP, world export, world import and inflow of foreign direct investment share only by small percent. There are some positive facts in the recent history of sub- Saharan Africa. Sub-Saharan Africa has grown faster than the world economy in the past ten years. The predictions are also positive. There is an expectation of another growth till the 2020. If the sub-Saharan countries want to keep the growth in the future they have to invest to infrastructure, in educational system, in research and science to make their economies more competitive.

Suggested Citation

  • Baumgartner Boris, 2016. "The Position of Sub-Saharan Countries in the World Economy," Studia Commercialia Bratislavensia, Sciendo, vol. 9(33), pages 5-16, June.
    • Handle: RePEc:vrs:stcomb:v:9:y:2016:i:33:p:5-16:n:1
    DOI: 10.1515/stcb-2016-0001
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