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Economic Growth in Africa

Economic Growth in Africa

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Economic Growth in Africa

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  1. Economic Growth in Africa By Xavier Sala-i-Martin WEF-Africa June 2-4, 2004

  2. Africa (1): Institutions

  3. Africa (1): Institutions

  4. Africa (1): Institutions

  5. Africa (1): Institutions

  6. Africa (2): Physical Capital and Infrastructures

  7. Africa (3) Human Capital: Education and Training

  8. Africa (3): Human Capital: Education and Training

  9. Africa (3) Human Capital: Health

  10. Africa (4): Macro Stability

  11. Africa (5): Technological Sophistication and Usage

  12. MENA (6): Openness and Market Size

  13. Africa (7): Efficiency in Goods Markets

  14. Africa (8): Efficiency of Labor Markets

  15. Africa (9): Financial Infrastructure

  16. Africa (10): Security

  17. Africa: Security and Social Stability

  18. Africa (11): Innovation

  19. Conclusions Africa • Heterogeneous Performance: • South Africa, Botswana, Namibia, Gambia, Mauritius, Ghana, and Tanzania tend to score well • Angola, Chad, Mozambique and Zimbabwe tend to score poorly • By and Large African Countries have problems in ALL 12 pillars with exception of Macroeconomic Stability (Zimbabwe and Angola are HUGE exceptions here) • Relative to other developing countries, Openness and Financial Development (but relative to Asia or OECD, not true)

  20. Conclusions Africa • At this stage of development, the factors that are especially worrisome are: • Infrastructures • Health and Education • Public Institutions (especially property rights and corruption) • Private Institutions (like meritocracy)