The structural anatomy and institutional architecture of inclusive growth in sub-Saharan Africa
2014
The distinct features of inclusive growth within the context of sub-Saharan Africa are identified. The anatomy of growth is analysed by exploring the interrelationship among growth, inequality, and poverty. The present growth spell appears to have been relatively inclusive. The recent structural transformation has led to a more normal and desirable migration process. Two alternatives development strategies are described: pro-poor growth and pro-growth poverty reduction. The finding that high initial poverty incidence acts as a deterrent to subsequent growth is confronted with micro evidence from rural villages. Finally, the architecture of inclusive institutions in Africa is reviewed.
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