Document Type

Conference Paper

Publication Date

3-21-1993

Author Affiliation

The World Bank

Conference Name

Royal African Society Conference on Africa, 1993: Governance, Business and Aid

Conference Location

St Catherine's College, Oxford, United Kingdom

Conference Dates

1993-03-21

First Page

1

Last Page

37

Keywords

Trade Liberalization, Foreign Aid, Foreign Direct Investment

Abstract / Description

Sub-Saharan Africa (SSA) has experienced almost a decade of falling per capita incomes. Thirteen African countries, comprising a third of the region's population, are actually poorer in per capita terms today than they were at independence. Poverty has grown and the natural environment has deteriorated. The region has lost a substantial part of its share in the world market for its exports. Most countries have had balance of payments difficulties and have suffered a loss of foreign exchange and the ability to import the goods necessary for growth and development. Some African countries have surrendered many of the gains made earlier in human resource development. And in many countries, open urban unemployment is a growing problem posing a threat to stability.

Note

Presented at the Royal African Society Conference on "Africa '93: Governance, Business and Aid," held at St Catherine's College, Oxford, March 21-23, 1993. IH0029

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