Africa's Got Work to Do

Africa's Got Work to Do
Author :
Publisher : INTERNATIONAL MONETARY FUND
Total Pages : 0
Release :
ISBN-10 : 1484389190
ISBN-13 : 9781484389195
Rating : 4/5 (195 Downloads)

Book Synopsis Africa's Got Work to Do by : Ms.Louise Fox

Download or read book Africa's Got Work to Do written by Ms.Louise Fox and published by INTERNATIONAL MONETARY FUND. This book was released on 2013-10-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on household survey estimates for 28 countries and an elasticity-type model that relates employment to economic growth and demographic outcomes. Agriculture still employs the majority of the labor force although workers are shifting slowly out of the sector. Sub-Saharan Africa’s projected rapid labor force growth, combined with a low baseline level of private sector wage employment, means that even if sub-Saharan Africa realizes another decade of strong growth, the share of labor force employed in private firms is not expected to rise substantially. Governments need to undertake measures to attract private enterprises that provide wage employment, but they also need to focus on improving productivity in the traditional and informal sectors as these will continue to absorb the majority of the labor force.


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“A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Ye