Growth is the most powerful weapon in the fight for higher living standards - Discuss in relation to sub-Saharan Africa.
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Question 5: 'Growth is the most powerful weapon in the fight for higher living standards. Faster growth will require policies that encourage macroeconomic stability, shift resources to more efficient sectors, and integrate with the global economy.' Discuss in relation to Sub-Saharan Africa. Introduction: Sub-Saharan Africa suffers from the lowest living standards in the world. Many less developed countries have successfully reduced levels of poverty and achieved higher growth rates by embracing the changing economic and political global environment, becoming free market open economies. Sub-Saharan Africa has, however, remained embroiled in poverty and conflict. Low growth rates have been attributed to adverse geographical factors and endemic disease. 1 However, the continent has continued to fall further behind the rest of the world because of macroeconomic instability, inefficient allocation of resources and comparatively closed economies. This essay aims to examine the relationship between economic growth and higher standards of living in Sub-Saharan Africa. Using the...

