Linking Economic Growth to Poverty Reduction under Globalization: A Case for Harnessing Globalization for the Poor in Sub-Saharan Africa

Nissanke, Machiko

Abstract

The chapter examines the experiences of the SSA region with the globalisatin-growth -poverty relationships in a comparative perspective. It argues that specific conditions prevailed internationally and domestically - coined as international and institutional traps - could explain the disappointing experiences of the SSA region in harnessing benefits of globalisation for the poor in the 1980s and 1990s. These conditions are interrelated through feed-back mechanisms detrimental to shared growth and poverty reduction by producing a loop of negative private-public interfaces for economic development. Thus, whether or not the recent encouraging sign of in income poverty in SSA can be sustained would depend upon the region’s commitments to creating a new institutional configuration by forging productive private-public interfaces with purpose of advancing the agenda of inclusive development. This should allow countries in SSA to integrate strategically into the global economy with a view of attenuating “inequalising forces” innate to globalisation.

Citation

Nissanke, M. (2015). Linking Economic Growth to Poverty Reduction under Globalization: A Case for Harnessing Globalization for the Poor in Sub-Saharan Africa. In A. McKay, & E. Thorbecke (Eds.), Economic Growth and Poverty Reduction in Sub-Saharan Africa (227-258). Oxford University Press. https://doi.org/10.1093/acprof%3Aoso/9780198728450.001.0001

• Publication Date: Jan 1, 2015
• Deposit Date: Aug 22, 2018
• Publisher: Oxford University Press
• Pages: 227-258
• Book Title: Economic Growth and Poverty Reduction in Sub-Saharan Africa
• ISBN: 9780198728450
• DOI: https://doi.org/10.1093/acprof%3Aoso/9780198728450.001.0001
• Keywords: Globalisation, Growth-Poverty Relationships, Africa’s comparative development experiences, Institutional configurations, Institutional traps, Africa’s new opportunities, inclusive development, shared growth
• Publisher URL: ttp://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780198728450.001.0001/acprof-9780198728450
• Related Public URLs: http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780198728450.001.0001/acprof-9780198728450