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Book Book Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Africa on the move: unlocking the potential of small middle-income states
Editors:Leigh, Lamin
Mansoor, Ali M.ISNI
City of publisher:Washington, DC
Publisher:International Monetary Fund
ISBN:1513588605; 9781513588605; 1498384269; 9781498384261; 1513560557; 9781513560557; 9781498339308
Geographic term:Subsaharan Africa
Subjects:financial policy
fiscal policy
economic development
External link:http://www.elibrary.imf.org/doc/IMF071/21366-9781513588605/21366-9781513588605/Other_formats/Source_PDF/21366-9781513560557.pdf
Abstract:The small middle-income countries (SMICs) in sub-Saharan Africa have shown strong economic performance in the past few decades. They have sustained growth while preserving macroeconomic stability. In general, their governments have also effectively addressed development challenges, including narrowing the infrastructure gap and improving access to education and health. The current challenge for SMICs is how best to consolidate the gains made during the past few decades and move to the high-income level and eventually to advanced economy status. This book analyzes macroeconomic and structural issues facing SMICs from the perspective of IMF staff and draws on input from country officials to offer a number of policy options for addressing these challenges and realizing future opportunities. Contents: Introduction (Lamin Leigh, Ali Mansoor, Friska Parulian, and Andrew Jonelis); Macroeconomic vulnerability: reserves adequacy and fiscal policy (Ara Stepanyan); Long-term implications of fiscal policy for labor market outcomes (Ara Stepanyan); Increasing productivity growth in small middle-income countries (Lamin Leigh ... [et al.]); Financial inclusion and stability in Africa's middle-income countries (Yibin Mu and Jenny Lin); Political economy of reform (Ali Mansoor). [ASC Leiden abstract]