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Addis Ababa, Ethiopia, United Nations, 1994. xvi, 139, 63 p. (E/ECA/SERP/94/1)This 1991-92 survey report summarizes economic conditions in Africa. This report differs from the 1990-91 survey report in that it uses 1990 as the base year for constant prices. The topical structure of the survey has remained the same, with the exception of a new chapter on the construction industry. Chapter topics include an overview of the global economy in 1992, the economy of Africa in 1992, fiscal and price developments, external debt and new structural adjustment programs (SAPs), foreign trade, agriculture and forestry and fisheries, petroleum and natural gas, mining, manufacturing, construction, transportation and telecommunications and tourism, and a review of selected social issues. The economy of Africa is stagnating and in crisis. During the 1980s there was not a single African country that successfully industrialized or started to industrialize. The gross domestic product per capita in the region was lower than other regions, and the African share of the global economy and world trade declined. Even African commodities that were almost monopolies declined. The African economy grew by an average of 2% annually during 1980-90 and an estimated 1.3% in 1992. The African region has suffered from the effects of the Gulf War, drought in Southern Africa, and civil wars and conflicts in many countries. The growth rate of the world economy was 1.4% in 1992 and 2.0% in 1994. The growth rate of developing economies was 6.1% in 1992 and 5.7% in 1993. The growth rate in Africa was 2.0% in 1992 and 2.3% in 1993. The extent of outstanding debt in developing countries continued to rise. The African share of developing country debt was $292 billion out of $1478 billion in 1991. Economic conditions in Africa deteriorated sharply in 1992. The prospects for 1993 were not even for modest growth. The crisis in the social sector continued without stop into the 1990s. Women and children are the most seriously affected.
In: Strategies for Third World development, edited by John S. Augustine. New Delhi, India, Sage Publications, 1989. 16-33.In spite of the many differences in developing countries, all promote policies aimed at improving resource allocations, increasing the value of public and private corporations, preparing domestic savings, locating access for market exports, and supporting investment activities. Poverty and unemployment are indigenous to rural areas in developing countries. Planners' and policymakers' objectives are to promote policies for growth, arrange exports and imports, deal with the interdependence and economic dependence in trade relations, to develop agricultural policies, alleviate poverty and unemployment, and to provide food security. Each task is discussed, e.g., growth policies must balance an appropriate mix of stabilization and structural adjustment. Growth can be accomplished through increased domestic savings, an appropriate rate of monetary growth, a stable exchange rate, and reduced budget deficits. Efficiency of investment can be increased with encouraging private domestic and foreign investment and reducing administrative controls and tax system distortions. Military spending reductions and increased investment in irrigation, drainage, and extension of public services and agricultural support make better use of public savings. Optimizing use of scarce resources of capital and foreign exchange contribute to social and economic improvement. Insulation from the fluctuations in growth trends in other countries reduces vulnerability. Self-reliance is promoted. In coping with inequalities in income distribution, poverty, and unemployment, developing counties have focused on growth in gross national product (GNP). Production and investment need to be reorganized in order to have a wider effect on income distribution and achieve social justice. Employment must be increased for neutral personal tax-subsidy schemes to work. Production planning targeted to the rural poor and geared to consumption planning can help to alleviate hunger and poverty. In balancing production, consumption, and employment, it is important to consider that increasing the level of employment beyond free market equilibrium requires a certain level of subsidy, and increasing the level of distributive consumption may led to lower investment for future growth and employment.
Research in human capital and development; a research annual, v. 2: equity, human capital and development.
Greenwich, Conn., JAI Press, 1981. xvi, 228 p.Add to my documents.