scholarly journals Economic growth and prospects for economic development of African countries southward Sahara

2020 ◽  
pp. 129-139
Author(s):  
Marina Viktorovna Ledeneva ◽  
Tatyana Alekseevna Plaksunova
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Regional Integration ◽  
Global Economy ◽  
Industrial Development ◽  
Armed Conflicts ◽  
African Countries ◽  
Development Organization ◽  
The World ◽  
Administrative Expenses

This article is dedicated to analysis of the process of economic growth and development in African countries southward Sahara – the least industrializes region of the world. The main prerequisites for industrialization and economic growth in of African countries southward Sahara are the high urbanization ratios: the growing number of workforce, their qualification level, high portion of youth within the population structure, expanding domestic market, growing middle class, de-escalation of internal political confrontations and attenuation of cross-country armed conflicts, advancement of digital technologies. The information and empirical basis is comprised of the data of the United Nations Industrial Development Organization and the World Bank. The scientific novelty consists in determination of the points of growth in Africa southwards Sahara by means of application of the methods of statistical data analysis. The authors analyze the indicators of economic growth and industrialization of African countries southward Sahara, substantiate the increasing role of this region for the global economy. The article reveals spatial aspects of industrialization of African countries and allocation of the industrial production. The authorities of African countries must manage the industrialization processes, namely focus on the development of infrastructure, improvement of investment climate, transparency of legislation, reduction of administrative expenses for businesses, reduction of corruption, and prevention of armed conflicts. The regional integration would contribute to solution of the aforementioned issues. The key vectors in cooperation of African countries southward Sahara and Russia are the areas of oil extraction, energy sphere, information and communication technologies, and agriculture.

scholarly journals Bringing Pankaj Ghemawat to Africa: Measuring African economic integration

2016 ◽  
Vol 19 (1) ◽  
pp. 82-102
Author(s):  
Adrian David Saville ◽  
Lyall White
Keyword(s):  
Economic Growth ◽  
East Africa ◽  
Economic Integration ◽  
Global Economy ◽  
African Countries ◽  
Survey Period ◽  
Human Welfare ◽  
Economic Changes ◽  
The World ◽  
Challenges And Opportunities

A wealth of literature dealing with trade liberalisation, capital market liberalisation, labour mobility and related issues concerning globalisation asserts that economies that are more integrated with the global economy and, more specifically with their neighbours, tend to enjoy higher sustained levels of growth. Empirical evidence with solid quantitative findings recently conducted by Pankaj Ghemawat has confirmed that more ‘open and connected’ economies display higher rates of economic growth, higher per capita income levels and greater levels of human welfare. Against this backdrop, it is notable that the available evidence – whilst incomplete – suggests that African economies are amongst the least integrated in the world. Given that integration and connectedness matter, and that there are material gaps in the evaluation of integration for African economies, it is important to develop better measures of African economies’ connectedness with their neighbours and with the world, how this connectedness is evolving and establish more comprehensive and robust means of economic integration compared to those historically available. Using Ghemawat’s framework, which measures flows of trade, capital, information and people (TCIP) to determine connectedness, we develop the Visa Africa integration index to provide a more comprehensive and detailed gauge of economic integration for 11 African countries in three clusters: East Africa, West Africa and Southern Africa. The index results suggest that African economies are emerging off a modest base, with some economies demonstrating progressive structural improvements toward higher levels of integration with their respective regions and the world. East Africa, in particular, shows signs of rising connectedness over the survey period. The index also illustrates that some countries are more integrated globally than regionally and vice versa, which is important information for policy makers toward improving deeper and broader integration in their respective regions. The index builds on previous research in the broad area of integration and helps us better understand the challenges and opportunities presented by Africa’s economic changes and some of the implications for economic growth.

Inter-country inequality as a dynamic process and the problem of post-industrial development

2018 ◽  
pp. 5-29 ◽  
Author(s):  
L. M. Grigoryev ◽  
V. A. Pavlyushina
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Industrial Development ◽  
Modern World ◽  
New Approach ◽  
Development Level ◽  
The World ◽  
Long Time ◽  
The Difference ◽  
Post Industrial

The phenomenon of economic growth is studied by economists and statisticians in various aspects for a long time. Economic theory is devoted to assessing factors of growth in the tradition of R. Solow, R. Barrow, W. Easterly and others. During the last quarter of the century, however, the institutionalists, namely D. North, D. Wallis, B. Weingast as well as D. Acemoglu and J. Robinson, have shown the complexity of the problem of development on the part of socioeconomic and political institutions. As a result, solving the problem of how economic growth affects inequality between countries has proved extremely difficult. The modern world is very diverse in terms of development level, and the article offers a new approach to the formation of the idea of stylized facts using cluster analysis. The existing statistics allows to estimate on a unified basis the level of GDP production by 174 countries of the world for 1992—2016. The article presents a structured picture of the world: the distribution of countries in seven clusters, different in levels of development. During the period under review, there was a strong per capita GDP growth in PPP in the middle of the distribution, poverty in various countries declined markedly. At the same time, in 1992—2016, the difference increased not only between rich and poor groups of countries, but also between clusters.

POSTINDUSTRIALIZATION AND DEINDUSTRIALIZATION IN THE GLOBAL ECONOMY IN THE CONTEXT OF RUSSIA'S ECONOMIC SECURITY

2021 ◽  
Vol 5 (199) ◽  
pp. 9-17
Author(s):  
V.A. Noskov ◽  
Keyword(s):  
Developing Countries ◽  
National Security ◽  
Global Economy ◽  
Industrial Development ◽  
World Economy ◽  
Import Substitution ◽  
Economic Security ◽  
Regional Features ◽  
The World ◽  
Post Industrial

The purpose of the publication is to assess the world experience of post-industrial development and deindustrialization in the economies of both developed and developing countries. The importance of the crisis of the post-industrial paradigm for the development of the world economy, the application of this experience in the process of import substitution and the unfolding reindustrialization in Russia is noted. The analysis of the world experience of post-industrial development and deindustrialization of the economy, its macro-regional features is carried out in the context of maintaining and developing Russia's economic security. The author's understanding of the problems and prospects of the development of import substitution and reindustrialization processes in the world is proposed. Import substitution is considered as part of the strategy of economic development and ensuring the national security of the country. It is proposed to build recommendations for improving the policy of import substitution and reindustrialization carried out by Russia, taking into account the author's developments.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

Financing the Sustainable Development Goals in Sub-Saharan African Countries

2022 ◽  
pp. 32-51
Author(s):  
Alex Nester Jiya ◽  
Ernest Roderick Falinya
Keyword(s):  
Sustainable Development ◽  
Regional Integration ◽  
Industrial Development ◽  
Sustainable Development Goals ◽  
Sub Saharan Africa ◽  
African Countries ◽  
The Sustainable Development ◽  
High Population Growth ◽  
Development Goals ◽  
Sub Saharan

The chapter seeks to provide insights on the alternatives for financing sustainable development in the Sub- Saharan Africa (SSA). It has been highlighted in the chapter that the region faces the danger of not attaining the SDGs due to poor political systems, climate change, high population growth and restricted economic growth and development. This comes in the midst of declining and unpredictable Official Development Assistance (ODA) plus other domestic and foreign financing instruments. Despite the constraints, the chapter has explored the potential for the region to attain and maintain the Sustainable Development Goals (SDGs) way beyond 2030. Sub-Saharan Africa has a lot of natural resources and a favorable demographic structure. Furthermore, the region has shown some signs of industrial development of late and increasing regional integration which are key to economic transformation. Finally, the chapter has highlighted some policy recommendations in order for the region to realise its potential and attain the SDGs.

Blue Blooded Stones and the Prisoner in the Crystal Cage

2013 ◽  
Author(s):  
Lars Öhrström
Keyword(s):  
Armed Conflicts ◽  
African Countries ◽  
Narrow Valley ◽  
Kimberley Process ◽  
North Eastern ◽  
Marco Polo ◽  
The World ◽  
Richard Burton ◽  
Ancient Times ◽  
In The Beginning

You have no doubt heard about blood diamonds, and know that they are not rare red versions of the gemstone, but illicitly mined diamonds used to finance and prolong armed conflicts in some African countries. But have you heard of blue blooded stones? An elaborate marking system known as the Kimberley Process Certification Scheme is currently used, although some claim inefficiently, to sort good diamonds (for example, from Botswana) from blood diamonds that should not be allowed into the market. No such scheme is needed for the blue stones named lapis lazuli, as there is only one mine in the world that produces highquality stones—the Sar-e Sang mine in the Kokcha valley in the Badakhshan province in north-eastern Afghanistan—so there is never any doubt about where they come from. The mine is in such a remote area that even prolific travellers like Marco Polo and Sir Richard Burton never made it there, although Polo refers to them in his travels when crossing the river Oxus (also known as the Amu Darya) of which the Kokcha is a tributary: ‘a mountain in that region where the fi nest azure in the world is found.’ A Scottish explorer, John Wood, visited in 1837, but if his book Journey to the Source of the River Oxus is to be believed, it wasn’t exactly a Sunday School excursion either: ‘If you wish not to go to destruction, avoid the narrow valley of Koran [Kokcha],’ he summarized. One who finally made it there was the British journalist Victoria Finlay, author of the wonderful Colour: Travels Through the Paintbox , and, although reaching the mine in the beginning of the 2000s, this was still quite an achievement. Why would anyone endure various kinds of hardships just to see a mine where you can whack out blue stones from the interior of a mountain? Perhaps because these rare stones have achieved tremendous value over the ages, being the hallmark of kings and aristocracy, or because the trade in them covered such distances even in ancient times, or maybe because this mine is possibly the oldest in the world that is still being worked, having been in business for 5,000–6,000 years.

Economic African Development in the Context of FinTech

2020 ◽  
pp. 273-289
Author(s):  
Youssra Ben Romdhane ◽  
Sahar Loukil ◽  
Souhaila Kammoun
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Least Square ◽  
National Accounts ◽  
African Countries ◽  
The World Bank ◽  
Digital Infrastructure ◽  
Wide Range ◽  
The World ◽  
Data Files

The purpose of this chapter is to analyze the effect of FinTech and political incertitude on economic growth through a multiple regression. Thus, the authors employ the method of generalized least square (GLS) with panel data. The sample concerns 21 African countries during (2001-2014-2017). The authors use a wide range of measures from Global Findex Database 2017, the World Bank platform, the World Bank national accounts data, and the OECD National Accounts data files base in the context of Africa. Empirical results show that FinTech is a driver of economic growth unless it is actively used in a developed digital infrastructure. In fact, the authors prove that, when financial technologies are used in both transactions (receive and made digital payment), they significantly contribute to the economic cycle. Passive use like simple consumption actions are not a significant lever for the economy. The principal contribution is to highlight that the active use of financial innovations and not passive one and the developed digital infrastructure do promote economic growth in African countries.

scholarly journals Regionalization of the world as the key to sustainable future

2020 ◽  
Vol 166 ◽  
pp. 13016 ◽  
Author(s):  
Svitlana Radziyevska ◽  
Ivan Us
Keyword(s):  
Regional Integration ◽  
Global Economy ◽  
Developed Economies ◽  
Eu Integration ◽  
Transatlantic Trade ◽  
Sustainable Future ◽  
The World ◽  
The Usa ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Globalization is viewed not only as the objective, but also as the subjective process, the current version of which requires adjustments since it is characterized by the increasing inequalities and instability, causing conflicts worldwide, pushing regional groups towards confrontations. Globalization is to be directed for achieving the equitable levels of development across the globe for which it is suggested to establish the situational governing board as the common platform for collaboration between the regional blocs for global economy regulation. The notions of the regional state and the global/planetary state are introduced. The interdependence between regionalization and globalization is thoroughly analysed, which results is the explanation of the logic behind the process of the multipolar world formation as opposed to the unipolar one. The main points are illustrated by the facts from the EU integration history, WTO practice, the calculated indicators of the major thirteen regional integration groupings covering Europe, Asia, North, South America, Africa, two transregional organizations Regional Comprehensive Economic Partnership, Transatlantic Trade and Investment Partnership, as well as the USA, Developed economies of Europe, China. The contribution to the study of regionalism as the boosting phenomenon shaping the development of the world allowed to conclude that regionalization is critical for the sustainable future of the world.

Challenges for Vietnam in the Globalization Era

2018 ◽  
Vol 9 (1) ◽  
Author(s):  
Dong Phong Nguyen ◽  
Viet Tien Ho ◽  
Xuan Vinh Vo
Keyword(s):  
Economic Growth ◽  
Value Chain ◽  
Global Economy ◽  
Global Value Chain ◽  
Domestic Markets ◽  
Wide Range ◽  
The World ◽  
Growth Prospects ◽  
Economic Slowdown ◽  
Emerging And Developing Countries

Abstract Emerging and developing countries around the world are playing an increasingly important role in the global economy. They move up in the global value chain very quickly. However, these countries constantly facing a plethora of challenges covering a wide range of issues. This paper addresses some key challenges confronting Vietnam economy which potentially deteriorate its economic growth prospects. These include economic slowdown, credit booming, the rise of protectionism around the world, and risk from greater opening of the domestic markets. Addressing these challenges are important for Vietnam to maintain its comparative advantage and foundation for economic growth.

scholarly journals Environment Potential and Adjusting of Gross Domestic Product to the Safe Industrial Development

2018 ◽  
Vol 41 ◽  
pp. 04001
Author(s):  
Michal Cehlár ◽  
Zou Liang ◽  
Lian Wan ◽  
Khanindra Madauri ◽  
Sergey Krysin
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Industrial Development ◽  
Raw Materials ◽  
High Tech ◽  
Negative Consequences ◽  
Resource Base ◽  
Environmental Goods ◽  
Goods And Services ◽  
Social And Economic Development

The importance of the natural resource and environmental factors in the development of the modern economy is becoming more important in the context of energy security and the quality of economic growth. This is also due to the fact that the state’s policy in increasing GDP has been adjusted to a qualitative social-and-economic development. In this regard, the quantitative measurement of the quantity and quality ratio of economic growth is relevant. The rise of the global economy as a whole and its individual territories is due to both a high-tech breakthrough and the development of raw materials industries – oil, gas, coal and metallurgy. Currently, to meet the needs of society in natural resources, environmental goods and services, ever-increasing costs are required for expanded reproduction of the mineral resource base and compensation for negative consequences resulting from the degradation of ecological systems and pollution of the natural environment.

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