Targeting Employment Expansion, Economic Growth and Development in Sub-Saharan Africa: Outlines of an Alternative Economic Programme for the Region
Abstract:
This paper
outlines the elements of a development-targeted economic framework aimed at
creating decent employment opportunities as a strategy for realizing core human
development goals in Africa. Four policy areas
form the core of the paper: monetary policy and inflation, exchange rate
policy, development finance and financial sector reforms, and public investment
and fiscal policy. This paper draws heavily on three large UNDP-sponsored
studies of employment-oriented economic policies in Kenya,
Ghana, and South Africa.
The paper aims to discuss the elements of an alternative, development-targeted
economic framework for African countries in general and, in doing so, the
analysis draws on examples, research, and statistics from a wide range of
countries.