skip to content
Africa at a Turning Point? Growth, Aid, and External Shocks Preview this item
ClosePreview this item
Checking...

Africa at a Turning Point? Growth, Aid, and External Shocks

Author: Delfin S Go; John Page
Publisher: Washington, DC World Bank 2012
Series: Africa development essays
Edition/Format:   Computer file : EnglishView all editions and formats
Summary:
This book is a collection of essays that seeks to answer three interrelated sets of questions about Africa's recent growth recovery. The first set of essays addresses questions about the drivers and durability of Africa's growth. How different is current economic performance compared to Africa's long history of boom-bust cycles? Have African countries learned to avoid past mistakes and pursued the right policies?  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Delfin S Go; John Page
ISBN: 9780821372777 0821372777
OCLC Number: 931685956
Description: Online-Ressource
Series Title: Africa development essays

Abstract:

This book is a collection of essays that seeks to answer three interrelated sets of questions about Africa's recent growth recovery. The first set of essays addresses questions about the drivers and durability of Africa's growth. How different is current economic performance compared to Africa's long history of boom-bust cycles? Have African countries learned to avoid past mistakes and pursued the right policies? How much of the current performance depends on good luck such as favorable commodity prices or the recovery of external assistance and how much depends on hard-won economic policy reforms. A second set of essays looks at the role of donor flows. External assistance plays a larger role in Africa's growth story than in any other part of the developing world. As a result, the economic management of external assistance is a major public policy challenge, and donor behavior is a significant source of external risk. The third set of essays looks at questions arising from commodity price shocks especially from changes in the price of oil. Relative to factors such as policy failures, conflicts, and natural disasters, how important are commodity price shocks in explaining output variability in African countries? Compared to the oil price shocks in the 1970s, why have recent higher oil prices apparently had less impact on Africa's growth? Oil is also now an important source of revenue for several oil exporting countries in Africa; what are the economic challenges faced by those countries? How should one analyze the macroeconomic and distributional impact of external and oil price shocks? As the essays in this volume show, laying the policy and institutional basis for longer-term growth, managing volatile commodity prices and aid flows, and turning growth in average incomes into growth in all incomes remain formidable but manageable challenges if Africa is to reach its turning point.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/931685956> # Africa at a Turning Point? Growth, Aid, and External Shocks
    a schema:CreativeWork, bgn:ComputerFile ;
   library:oclcnum "931685956" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/803195061#Place/washington_dc> ; # Washington, DC
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
   schema:author <http://experiment.worldcat.org/entity/work/data/803195061#Person/page_john> ; # John Page
   schema:creator <http://experiment.worldcat.org/entity/work/data/803195061#Person/go_delfin_s> ; # Delfin S. Go
   schema:datePublished "2012" ;
   schema:description "This book is a collection of essays that seeks to answer three interrelated sets of questions about Africa's recent growth recovery. The first set of essays addresses questions about the drivers and durability of Africa's growth. How different is current economic performance compared to Africa's long history of boom-bust cycles? Have African countries learned to avoid past mistakes and pursued the right policies? How much of the current performance depends on good luck such as favorable commodity prices or the recovery of external assistance and how much depends on hard-won economic policy reforms. A second set of essays looks at the role of donor flows. External assistance plays a larger role in Africa's growth story than in any other part of the developing world. As a result, the economic management of external assistance is a major public policy challenge, and donor behavior is a significant source of external risk. The third set of essays looks at questions arising from commodity price shocks especially from changes in the price of oil. Relative to factors such as policy failures, conflicts, and natural disasters, how important are commodity price shocks in explaining output variability in African countries? Compared to the oil price shocks in the 1970s, why have recent higher oil prices apparently had less impact on Africa's growth? Oil is also now an important source of revenue for several oil exporting countries in Africa; what are the economic challenges faced by those countries? How should one analyze the macroeconomic and distributional impact of external and oil price shocks? As the essays in this volume show, laying the policy and institutional basis for longer-term growth, managing volatile commodity prices and aid flows, and turning growth in average incomes into growth in all incomes remain formidable but manageable challenges if Africa is to reach its turning point." ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/803195061> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/803195061#Series/africa_development_essays> ; # Africa development essays
   schema:name "Africa at a Turning Point? Growth, Aid, and External Shocks" ;
   schema:productID "931685956" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/931685956#PublicationEvent/washington_dcworld_bank2012> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/803195061#Agent/world_bank> ; # World Bank
   schema:url <http://www.gbv.de/dms/bowker/toc/9780821372777.pdf> ;
   schema:url <http://hdl.handle.net/10986/6421> ;
   schema:workExample <http://worldcat.org/isbn/9780821372777> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/931685956> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/803195061#Person/go_delfin_s> # Delfin S. Go
    a schema:Person ;
   schema:familyName "Go" ;
   schema:givenName "Delfin S." ;
   schema:name "Delfin S. Go" ;
    .

<http://experiment.worldcat.org/entity/work/data/803195061#Series/africa_development_essays> # Africa development essays
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/931685956> ; # Africa at a Turning Point? Growth, Aid, and External Shocks
   schema:name "Africa development essays" ;
    .

<http://worldcat.org/isbn/9780821372777>
    a schema:ProductModel ;
   schema:isbn "0821372777" ;
   schema:isbn "9780821372777" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.