Resurgent Africa : Structural Transformation in Sustainable Development
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Resurgent Africa: Structural Transformation in Sustainable Development is a study of structural change dynamics in Africa and its effect on job creation, living standards and the efficiency of productive cities through manufacturing productivity growth that benefit the majority. It provides in-depth analysis and knowledge of Africas diversified economies by establishing relationships between industrialization trends; rates of urbanization; and urban living standards, income growth and employment in Africa.
Resurgent Africa: Structural Transformation in Sustainable Development is a study of structural change dynamics in Africa and its effect on job creation, living standards and the efficiency of productive cities through manufacturing productivity growth that benefit the majority. Empirical data from selected African countries, including Nigeria, Ghana, South Africa, Kenya, Rwanda and Ethiopia, provides in-depth analysis and knowledge of the continents diversified economies by establishing relationships between industrialization trends; rates of urbanization; and urban living standards, income growth and employment in Africa. The findings reveal unconventional pathways of structural change, patterns of jobless growth suggesting economic growth that does not necessarily lead to employment, dominance of services at the expense of manufacturing industry explaining the regress in Africas industrial sector and occurrence of structural transformation without improvement in labour productivity. These are important concerns for Africas long-term development leading to the conclusion that sustainable urbanization and industrialization are not only closely connected but also key drivers of economic change. The book includes recommendations for policymakers to adopt a new approach to development for a resurgent Africa.
Though African economies have recorded significant growth in output, the increase has not been big enough to lift its teeming population out of poverty, stem rising unemployment and bridge the significant income divide within cities and between rural and urban areas. Jobless growth has resulted in a poor standard of living even in the face of relatively impressive GDP growth. To understand the dynamics of recent development in Africa, Resurgent Africa: Structural Transformation in Sustainable Development draws on Arthur Lewiss dual thesis as well as on recent scholarship on structural change which posits that where modern and traditional sectors coexis,t as is the case in African countries, there is potential for capital and labour to move from low productivity sectors to high productivity sectors through the process of structural change that fuels economic growth and raises productivity.
In a resurgent Africa economic growth is inclusive, driven by sustainable urbanization, undergirded by industrial manufacturing that generates widespread employment, resulting in rising living standards through structural transformation. A resurgent Africa is therefore concerned with understanding structural change dynamics and how it affects job creation, living standards and the efficiency of productive cities through manufacturing productivity growth that benefit the majority.
Resurgent Africa: Structural Transformation in Sustainable Development attempts to connect key drivers of economic development with outcomes of economic growth. It provides in-depth analysis and knowledge of Africas diversified economies, including Nigeria, Ghana, South Africa, Kenya, Rwanda and Ethiopia, by establishing relationships between industrialization trends; rates of urbanization; and urban living standards, income growth and employment in Africa. Banji Oyelaran-Oyeyinkas findings reveal unconventional pathways of structural change, patterns of jobless growth which suggests economic growth that does not necessarily lead to employment, the dominance of services at the expense of manufacturing industry explaining the regress in Africas industrial sector, and occurrence of structural transformation without improvement in labour productivity. These are important concerns for Africas long-term development leading to the conclusion that sustainable urbanization and industrialization are not just closely connected, but are key drivers of economic change. The book includes recommendations for policymakers to adopt a new approach to development for a resurgent Africa.
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