ABSTRACT

This book investigates how African countries respond to socioeconomic shocks, drawing out lessons to help to inform future policy and development efforts.

The challenges posed by the COVID-19 pandemic affected all sectors of the economy, exposing substantial structural weaknesses and complexities in supply chains and logistics across the African continent. This book examines the disruptive impact of the pandemic across Africa. However, it also goes beyond the current crisis to investigate how socioeconomic pressures in general impact commodity prices, national budgeting processes, food, business, energy sectors, education, health, and sanitation. Overall, the book presents evidence-based solutions and policy recommendations to enable readers to improve resilience and responses to future crises.

The insights provided by this book will be of interest to policymakers and development agencies, as well as to researchers of global development, politics, economics, business, and African studies.

section Section 1|47 pages

Socioeconomic Shocks and Economic Development

section Section 2|65 pages

Resilience, Business and Value Chain Development

section Section 3|75 pages

Institutional Framework and Human Capital Development

chapter 9|15 pages

Creation of Knowledge Cities in Africa

A Case Study of Gqeberha Port Elizabeth City in South Africa

section Section 4|96 pages

Services, Socioeconomic Shocks and Sustainable Development

chapter 15|19 pages

COVID-19 Pandemic and Illegal Oil Refineries in Africa

Evidence from the National Oil Wealth in Nigeria

chapter 16|17 pages

Remittance Shocks and Poverty Reduction Nexus in Nigeria

Insights from Bootstrap Simulation and Asymmetric Causality Tests

chapter |9 pages

Conclusion

Socioeconomic Shocks, Pandemic Responsiveness, and Platonic Policies Revisited