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Business and Economics > Production and Operations Management

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Cover Africa on the Move
Africa on the Move
Unlocking the Potential of Small Middle-Income States
Mr. Lamin Y Leigh
and
Mr. Ali M. Mansoor

Abstract

This book describes the reforms needed to move small middle-income countries in sub-Saharan Africa to advanced-economy status. The result of intense discussions with public officials in the countries covered, the book blends rigorous theory, econometrics, and practitioners' insights to come up with practical recommendations for policymakers. It spans topics from macroeconomic vulnerability and reserve adequacy to labor market institutions and financial inclusion. The book is a must-read for researchers interested in the economic issues facing developing countries in sub-Saharan Africa.

Keywords:
BOOK; government; reserve; Small Middle-Income Country; TFP growth; public employment; country authorities; design reserves management policy; bank distress; SMICs in sub-Saharan Africa; SMIC government; Total factor productivity; Public employment; Labor markets; Financial sector stability; Financial inclusion; Sub-Saharan Africa; Global; Eastern Europe; Africa; Southern Africa
Cover IMF Staff Country Reports
Namibia: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper analyzes policies that can raise potential growth in small middle-income countries (SMICs) of sub-Saharan Africa (SSA). The findings suggest that although macroeconomic stability and trade openness are necessary for productivity growth, they are not sufficient. SMICs in SSA need to improve the quality of their public spending, most notably on education, to solve the problem of skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to financing by small and medium-size enterprises, and pave the way for structural transformation in these economies. Given the short-term cost of these reforms, the timing and sequencing of reforms and the role of quick wins is important for their implementation. In some cases, a social bargain can be a mechanism to generate consensus around a package of mutually reinforcing reforms.
Keywords:
ISCR; CR; solid windowtext 1pt; bank; TFP growth; bank distress; return on assets; default probability; government debt; TFP determinant; bank Z-score; Total factor productivity; Financial sector stability; Financial inclusion; Productivity; Small and medium enterprises; Global; Africa; determinants of total factor productivity; productivity enhancement; SMICs of SSA; growth decomposition; B. literature review