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Chapter

INTRODUCTION

Chapter

INTRODUCTION

DOI link for INTRODUCTION

INTRODUCTION book

INTRODUCTION

DOI link for INTRODUCTION

INTRODUCTION book

ByMagnus Blomström, Mats Lundahl
BookEconomic Crisis in Africa

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Edition 1st Edition
First Published 1993
Imprint Routledge
Pages 17
eBook ISBN 9780203010594

ABSTRACT

Sub-Saharan Africa is in a deep economic crisis. For instance, the World Bank (1989:2) reports that Africa, a region of 450 million people in 1987, had a total GDP of around 135 billion US dollars, about the same as that of Belgium, which has only 10 million inhabitants. A similar indicator of Africa’s economic performance is the fact that Singapore, a small island of only 2.7 million inhabitants, exports some 50 per cent more manufacturing products than all of Sub-Saharan Africa together (Blomström 1990). These two observations indicate the seriousness of the problems dealt with in this book.

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