Brookings: Africa’s 3 Deadly Deficits
Despite sub-Saharan Africa’s rapid population growth, the region’s income growth matches the global pace and was even negative in 2016. The Sustainable Development Goals pioneered by the United Nations in 2015 seem out of reach for the region as income inequality widens. Three factors for the region’s slow economic growth are low quality education, limited access to electricity and weak domestic revenue mobilization. Education is essential for the region – countries with the world's 10 youngest populations are in the region. Rapid youth population growth can only be harnessed into a faster economic growth rate if the youth develop useful skills with high quality education. Electricity is essential for schools, health facilities and infrastructure development, but more than half a billion people lack access despite regional availability due to the rural-urban divide. Lastly, sub-Saharan Africa is heavily dependent on foreign aid, which reduces its capacity to mobilize taxes and weakens accountability. – YaleGlobal
Brookings: Africa’s 3 Deadly Deficits
Thursday, June 21, 2018
Read the article from the Brookings Institution about factors that contribute to low economic growth in Africa.
Indermit Singh Gill is director of the Duke Center for International Development, Sanford School of Public Policy, Duke University. Kenan Karakulah is an associate in research with the Duke Center for International Development
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