Sectoral Performance in the African Economy - Some Issues and Trends

Indus Journal of Management & Social Sciences, Vol. 2, No. 1, pp. 1-14, Spring 2008

14 Pages Posted: 29 Oct 2008 Last revised: 7 May 2015

See all articles by Ravinder Rena

Ravinder Rena

Papua New Guinea University of Technology; Polytechnic of Namibia; University of the Western Cape; North-West University; Papua New Guinea University of Technology

Date Written: March 15, 2008

Abstract

African economies are facing the critical challenge of raising the rate of GDP growth and sustaining high growth rates and thus meet the Millennium Development Goals (MDGs). The performance of agriculture is more paradoxical and African exports of industrial goods are dominated by mining and crude oil. The financial systems remain largely underdeveloped both in terms of the size and range of financial instruments and services offered. This article explores the recent growth performance both at the continental and subregional level. It discusses disparities in growth performance and the factors behind the observed disparities across countries and subregions. It also discusses developments at the sectoral level and progress and challenges in human development, closing with a brief exposition of the prospects for 2007. The paper further analyses the HIV/AIDS in the continent and its impact on the economy.

Keywords: African Economy, MDGS, Financial System, Crude Oil, Human Development

JEL Classification: E2, F31, H11

Suggested Citation

Rena, Ravinder, Sectoral Performance in the African Economy - Some Issues and Trends (March 15, 2008). Indus Journal of Management & Social Sciences, Vol. 2, No. 1, pp. 1-14, Spring 2008 . Available at SSRN: https://ssrn.com/abstract=1290913 or http://dx.doi.org/10.2139/ssrn.1290913

Ravinder Rena (Contact Author)

Papua New Guinea University of Technology ( email )

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Papua New Guinea

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Polytechnic of Namibia ( email )

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University of the Western Cape ( email )

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South Africa
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HOME PAGE: http://www.uwc.ac.za

North-West University ( email )

Hoffman Street
Potchefstroom, 2520
South Africa

HOME PAGE: http://www.nwu.ac.za

Papua New Guinea University of Technology ( email )

Private Mail Bag 411
Lae, Morobe 411
Papua New Guinea

HOME PAGE: http://www.unitech.ac.pg

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