Читать книгу Economics of G20 - Группа авторов - Страница 23

Manmohan Agarwal

Centre for Development Studies Thiruvananthapuram, India manmohan44@gmail.com

Amrita Brahmo

Research and Information Systems for Developing Countries, New Delhi, India amrita.brahmo@gmail.com

Abstract

Economic growth in Sub-Saharan Africa (SSA) has lagged behind that in other regions over the past half century (1965–2016). An earlier paper had shown that the hypotheses that civil strife and SSA as the home of many of the least developed countries accounted for this poor performance could not be supported. This chapter explores this question further. SSA still remains less integrated with the major fastgrowing regions of the world. Its savings rate also continues to be low. This makes it more dependent on foreign capital flows for investment. But aid has been declining and the current account has deteriorated in many countries. After a period of rapid growth earlier in this century, prospects look gloomy unless the G20 steps in to provide more easy aid.