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Macroeconomic Reform and Employment: an Investment-Led Strategy of Structural Adjustment in Sub-Saharan Africa

In: Studies in Development Strategy and Systemic Transformation

Author

Listed:
  • Keith Griffin

    (University of California)

Abstract

There are 50 countries in sub-Saharan Africa.1 These countries, containing over 600 million people, are among the poorest in the world. Indeed the World Bank classifies 74 per cent of the countries of sub-Saharan Africa as ‘Iowincome economies’ and the United Nations Development Programme classifies 79 per cent as being ‘low human development’ countries. In most cases low income and low human development coincide, but in Angola, Cameroon and Senegal medium incomes are none the less associated with low human development whereas in Zimbabwe and Congo medium human development has been achieved despite their low incomes. (See Table 7.1.)

Suggested Citation

  • Keith Griffin, 2000. "Macroeconomic Reform and Employment: an Investment-Led Strategy of Structural Adjustment in Sub-Saharan Africa," Palgrave Macmillan Books, in: Studies in Development Strategy and Systemic Transformation, chapter 7, pages 139-178, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51041-8_7
    DOI: 10.1057/9780230510418_7
    as

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