publication . Other literature type . Article . 2013

Urban economies, urban livelihoods and natural resource-based economic growth in sub-Saharan Africa: The constraints of a liberalized world economy

Deborah Potts;
Open Access
  • Published: 01 Mar 2013
  • Publisher: SAGE Publications
  • Country: United Kingdom
Abstract
There is much speculation today about how rapid economic growth in sub-Saharan Africa is transforming development prospects in the region. However, in terms of a broad, multi-dimensional, understanding of the term ‘development’, into which social justice must be factored, there are real concerns about whether the undoubted improvements in GDP growth in many countries are strongly connected to urban-located investment and job growth. Many African countries remain poorly placed, in terms of global comparative advantage, to attract significant foreign investment except in primary sectors. The extreme inequality in the ways in which the benefits of current growt...
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free text keywords: General Economics, Econometrics and Finance, Africa, Migration, urban economies, Mining, Natural resources, Middle classes, Urban incomes, Economy, Speculation, Urbanization, Economics, Livelihood, Development economics, Inequality, media_common.quotation_subject, media_common, Natural resource, Comparative advantage, Foreign direct investment, World economy
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