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- Author: United Nations
- Main Title: Economic Report on Africa 2006 , pp 1-29
- Publication Date: March 2007
- DOI: https://doi.org/10.18356/6079e40a-en
- Language: English
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African countries continue to face a perennial shortage of resources to finance public and private investment, which constrains their ability to accelerate growth. The chronic resource gap arises from imbalances between exports and imports, between resource inflows and debt payments, and between domestic savings and domestic investment (figure 1). Resource shortages limit the ability of governments on the continent to undertake public expenditure in infrastructure and social services needed to boost domestic demand, encourage private sector activity, and sustain high levels of economic growth.
© United Nations
ISBN (PDF):
9789210598842
Book DOI:
https://doi.org/10.18356/f1705055-en
Related Subject(s):
Economic and Social Development
;
International Trade and Finance
Sustainable Development Goals:
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