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Africa on the Move : Unlocking the Potential of Small Middle-Income States (Paperback)

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In the past few decades the small middle-income countries (SMICs) in sub-Saharan Africa have delivered impressive economic performances, sustaining growth while preserving macroeconomic stability. This book analyzes macroeconomic and structural issues facing SMICs from the perspective of the International Monetary Fund (IMF) staff and draws on input from country officials to offer a number of policy options for addressing challenges and realizing future opportunities. The areas covered in the book include the macroeconomic vulnerability faced by SMICs and how to enhance their resilience to shocks; an assessment of how labor market outcomes can be improved by reforms that cut spending and crowd in private initiative; structural policies and institutional frameworks that could boost productivity growth in SMICs; financial inclusion policies that are stability and growth friendly; and finally how political economy constraints could be relaxed to pave the way for gradual but systemic implementation of reforms. The policies discussed in the book lay out a possible road map for the implementation of reforms in all these areas to eventually propel SMICs to advanced economy status. Six chapters are: introduction; macroeconomic vulnerability: reserves adequacy and fiscal policy; long-term implications of fiscal policy for labor market outcomes; increasing productivity growth in small middle-income countries; financial inclusion and stability in Africa’s middle-income countries; political economy of reform. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)
Number of Pages: 170
Genre: Social Science
Format: Paperback
Publisher: Rowman & Littlefield Pub Inc
Language: English
Street Date: January 29, 2016
TCIN: 51975734
UPC: 9781513588605
Item Number (DPCI): 248-38-1683
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