Development Studies
Jobless Economic Growth: Lessons from Africa
Following the 2008-2009 global financial crisis, economic growth has eluded many
countries. Africa, on the other hand, is projected to host seven of the ten fastest growing
economies in the period from 2011-2012. It has long been understood that high economic
growth is a prerequisite for job creation, causing analysts to worry about the projected low
global growth scenario and its implications for economies that have either high or stubborn
levels of unemployment. However, long run comparisons across Africa have shown
differential performance, with some countries having better outcomes in terms of job
creating economic growth.
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