Factors of Economic Growth in Sub-Saharan Africa: Current Trends

Despite the fact that the African continent is positioned as one of the fastest growing economies in the world (especially the sub-region of sub-Saharan Africa), the lack of industrialization and the use of modern technologies continues to be a brake on the development of the economies of African co...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	G. V. Podbiralina, J. C. Asiagba
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2018
Materias:	economic growth innovative development sub-saharan africa cedi sustainable development economic potential modernization of industry and agriculture International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/9bb4fff557f74c33a9ca945ac4ada0a8
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:9bb4fff557f74c33a9ca945ac4ada0a8
record_format	dspace
spelling	oai:doaj.org-article:9bb4fff557f74c33a9ca945ac4ada0a82021-11-07T14:45:02ZFactors of Economic Growth in Sub-Saharan Africa: Current Trends2542-02402587-932410.23932/2542-0240-2018-11-5-38-54https://doaj.org/article/9bb4fff557f74c33a9ca945ac4ada0a82018-12-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/352https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324Despite the fact that the African continent is positioned as one of the fastest growing economies in the world (especially the sub-region of sub-Saharan Africa), the lack of industrialization and the use of modern technologies continues to be a brake on the development of the economies of African countries, which largely depend on agriculture and exports of raw goods that have a relatively low added value and account for more than 80% of their exports. This has a negative impact not only on the economic development of the region, but also on per capita incomes of the population. This article assesses the existing economic potential of African countries, which is one of the most important factors for overcoming economic backwardness, achieving the goals of sustainable development, raising the standard of living of the population and changing the status of SSA countries in the world economic system. It is shown that it is important for African states to attract new technologies and innovative products to the industrial and agricultural sectors, since knowledge and innovations are the locomotive of economic growth and are one of the most important factors in the reconstruction and modernization of their economies.G. V. PodbiralinaJ. C. AsiagbaАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleeconomic growthinnovative developmentsub-saharan africacedi sustainable developmenteconomic potentialmodernization of industry and agricultureInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 11, Iss 5, Pp 38-54 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	economic growth innovative development sub-saharan africa cedi sustainable development economic potential modernization of industry and agriculture International relations JZ2-6530
spellingShingle	economic growth innovative development sub-saharan africa cedi sustainable development economic potential modernization of industry and agriculture International relations JZ2-6530 G. V. Podbiralina J. C. Asiagba Factors of Economic Growth in Sub-Saharan Africa: Current Trends
description	Despite the fact that the African continent is positioned as one of the fastest growing economies in the world (especially the sub-region of sub-Saharan Africa), the lack of industrialization and the use of modern technologies continues to be a brake on the development of the economies of African countries, which largely depend on agriculture and exports of raw goods that have a relatively low added value and account for more than 80% of their exports. This has a negative impact not only on the economic development of the region, but also on per capita incomes of the population. This article assesses the existing economic potential of African countries, which is one of the most important factors for overcoming economic backwardness, achieving the goals of sustainable development, raising the standard of living of the population and changing the status of SSA countries in the world economic system. It is shown that it is important for African states to attract new technologies and innovative products to the industrial and agricultural sectors, since knowledge and innovations are the locomotive of economic growth and are one of the most important factors in the reconstruction and modernization of their economies.
format	article
author	G. V. Podbiralina J. C. Asiagba
author_facet	G. V. Podbiralina J. C. Asiagba
author_sort	G. V. Podbiralina
title	Factors of Economic Growth in Sub-Saharan Africa: Current Trends
title_short	Factors of Economic Growth in Sub-Saharan Africa: Current Trends
title_full	Factors of Economic Growth in Sub-Saharan Africa: Current Trends
title_fullStr	Factors of Economic Growth in Sub-Saharan Africa: Current Trends
title_full_unstemmed	Factors of Economic Growth in Sub-Saharan Africa: Current Trends
title_sort	factors of economic growth in sub-saharan africa: current trends
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2018
url	https://doaj.org/article/9bb4fff557f74c33a9ca945ac4ada0a8
work_keys_str_mv	AT gvpodbiralina factorsofeconomicgrowthinsubsaharanafricacurrenttrends AT jcasiagba factorsofeconomicgrowthinsubsaharanafricacurrenttrends
_version_	1718443373032898560

Factors of Economic Growth in Sub-Saharan Africa: Current Trends

Ejemplares similares