Determinants of Globalization and Growth Prospects for Sub-Saharan African Countries

Fofack, Hippolyte

dc.creator	Fofack, Hippolyte
dc.date	2012-03-19T19:11:54Z
dc.date	2012-03-19T19:11:54Z
dc.date	2009-08-01
dc.date.accessioned	2023-02-18T19:36:48Z
dc.date.available	2023-02-18T19:36:48Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090812105011
dc.identifier	http://hdl.handle.net/10986/4211
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/249711
dc.description	Over the decades leading to the global financial crisis, the world witnessed a deepening integration of world economies, irrespective of a country s geographical location on the spherical space. This process of increasing interdependence of world economies, most notably illustrated by the scale of financial flows and movements of goods and services now termed globalization, has been facilitated by research and development and advances in technology, especially in the area of information and communication technology. In spite of its global nature, its expected benefits have not been uniformly distributed, however. This paper shows that the countries and regions that are driving the process of knowledge creation and production of high-tech and manufactured goods, building on frontier technology, are benefiting the most from globalization, increasingly acting as drivers and relegating Sub-Saharan Africa to the end-user status. In this process, the income gap between Sub-Saharan Africa and the globalizers has increased even more. However, the paper also shows that raising the level of technological endowment in Sub-Saharan Africa to that of developed countries could go a long way to bridge Africa's output gaps and improve its export performance in the new globalization landscape of the post-financial crisis era.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5019
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ADVANCED ECONOMIES
dc.subject	ADVERSE EFFECT
dc.subject	ASSET PRICES
dc.subject	BALANCE OF PAYMENTS
dc.subject	BALANCE OF PAYMENTS CRISIS
dc.subject	BANK POLICY
dc.subject	BOND
dc.subject	BOND MARKETS
dc.subject	BRAIN DRAIN
dc.subject	BUSINESS CLIMATE
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FLIGHT
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL INVESTMENTS
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL STOCK
dc.subject	CAPITAL STOCKS
dc.subject	COMMODITIES
dc.subject	COMMODITY
dc.subject	COMMODITY EXPORTS
dc.subject	COMMODITY PRICES
dc.subject	COMMUNICATION TECHNOLOGY
dc.subject	COMPETITIVENESS
dc.subject	CONNECTIVITY
dc.subject	CORPORATE FINANCE
dc.subject	COUNTRY INITIATIVE
dc.subject	COUNTRY RISK
dc.subject	COUNTRY RISKS
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT SURPLUS
dc.subject	CURRENT ACCOUNT SURPLUSES
dc.subject	DATA AVAILABILITY
dc.subject	DEBT
dc.subject	DEBT OVERHANG
dc.subject	DEBT RELIEF
dc.subject	DEFICIT FINANCING
dc.subject	DEPRESSION
dc.subject	DEREGULATION
dc.subject	DERIVATIVE
dc.subject	DERIVATIVES
dc.subject	DEVALUATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT BANK
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT PATH
dc.subject	DEVELOPMENT STRATEGIES
dc.subject	DISTRIBUTION OF TRADE
dc.subject	DOMESTIC CAPITAL
dc.subject	DOMESTIC CURRENCIES
dc.subject	ECONOMETRIC ANALYSIS
dc.subject	ECONOMIC COOPERATION
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC DOWNTURNS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC INTEGRATION
dc.subject	ECONOMIC ORDER
dc.subject	ECONOMIC OUTCOMES
dc.subject	ECONOMIC OUTLOOK
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC RESEARCH
dc.subject	ECONOMIC THEORY
dc.subject	ECONOMICS RESEARCH
dc.subject	ELASTICITY
dc.subject	ELASTICITY OF SUBSTITUTION
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING MARKET
dc.subject	EMERGING MARKET ECONOMIES
dc.subject	EMERGING MARKETS
dc.subject	EMERGING MARKETS ECONOMIES
dc.subject	EQUIPMENT
dc.subject	EXCHANGE CONTROLS
dc.subject	EXCHANGE RATE REGIME
dc.subject	EXPANSIONARY MONETARY POLICIES
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT PERFORMANCE
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXTERNAL BORROWING
dc.subject	EXTERNAL DEBT
dc.subject	EXTERNAL DEFICITS
dc.subject	EXTERNAL FINANCE
dc.subject	EXTERNAL FINANCING
dc.subject	EXTERNAL INDEBTEDNESS
dc.subject	FEDERAL RESERVE
dc.subject	FEDERAL RESERVE SYSTEM
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL FLOWS
dc.subject	FINANCIAL RISKS
dc.subject	FINANCIAL SHOCK
dc.subject	FINANCIAL STRESS
dc.subject	FINANCIAL TRANSACTIONS
dc.subject	FISCAL DEFICITS
dc.subject	FIXED CAPITAL
dc.subject	FIXED EXCHANGE RATE
dc.subject	FIXED EXCHANGE RATES
dc.subject	FLEXIBLE EXCHANGE RATE
dc.subject	FLOW OF CAPITAL
dc.subject	FOREIGN DIRECT INVESTMENTS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGES
dc.subject	FREE TRADE
dc.subject	FUTURE RESEARCH
dc.subject	GLOBAL CAPITAL
dc.subject	GLOBAL CAPITAL FLOWS
dc.subject	GLOBAL DEVELOPMENT FINANCE
dc.subject	GLOBAL ECONOMIES
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL EXPORT
dc.subject	GLOBAL EXPORTS
dc.subject	GLOBAL MARKET
dc.subject	GLOBAL OUTPUT
dc.subject	GLOBAL TRADE
dc.subject	GLOBALIZATION
dc.subject	GOLD STANDARD
dc.subject	GOOD GOVERNANCE
dc.subject	GROWTH MODELS
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	GROWTH RATES
dc.subject	HOUSEHOLD INCOME
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN CAPITAL DEVELOPMENT
dc.subject	INDUSTRIAL COUNTRIES
dc.subject	INEFFICIENCY
dc.subject	INFLATION
dc.subject	INFLATIONARY PRESSURES
dc.subject	INSTITUTIONAL BARRIERS
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTING
dc.subject	INVESTMENT FUNCTIONS
dc.subject	INVESTMENT RATES
dc.subject	KNOWLEDGE ECONOMY
dc.subject	LEVEL PLAYING FIELD
dc.subject	LOW-INCOME COUNTRIES
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	MACROECONOMIC LEVEL
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC UNCERTAINTY
dc.subject	MANUFACTURING INDUSTRIES
dc.subject	MARKET PRICES
dc.subject	MIDDLE-INCOME COUNTRY
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MORTGAGE
dc.subject	MULTINATIONAL CORPORATIONS
dc.subject	NATIONAL DEVELOPMENT
dc.subject	NATIONAL ECONOMIES
dc.subject	NATIONAL OUTPUT
dc.subject	NATURAL RESOURCES
dc.subject	NET CAPITAL
dc.subject	OUTPUT
dc.subject	OUTPUT DECLINE
dc.subject	OUTPUT GAPS
dc.subject	PARTIAL EQUILIBRIUM ANALYSIS
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	PORTFOLIOS
dc.subject	POVERTY REDUCTION
dc.subject	POWER PARITY
dc.subject	PRICE STABILITY
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE CAPITAL FLOWS
dc.subject	PRODUCTION FUNCTION
dc.subject	PRODUCTION FUNCTIONS
dc.subject	PRODUCTION STRUCTURE
dc.subject	PRODUCTIVE INVESTMENTS
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC DEBT MANAGEMENT
dc.subject	PURCHASING POWER
dc.subject	RATE OF GROWTH
dc.subject	RATES OF INFLATION
dc.subject	REAL EXCHANGE RATE
dc.subject	RECESSION
dc.subject	RESERVE BANK
dc.subject	RESERVES
dc.subject	RETURN
dc.subject	RETURNS
dc.subject	RISK DIVERSIFICATION
dc.subject	SAVINGS
dc.subject	STRUCTURAL CHANGE
dc.subject	TECHNOLOGICAL ADVANCES
dc.subject	TECHNOLOGICAL CHANGE
dc.subject	TECHNOLOGICAL CHANGES
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TOTAL FACTOR PRODUCTIVITY GROWTH
dc.subject	TRADE DEFICITS
dc.subject	TRADE REGIME
dc.subject	TRADING
dc.subject	TRADING BLOCS
dc.subject	TRANSACTION
dc.subject	UNEMPLOYMENT
dc.subject	UNEMPLOYMENT RATES
dc.subject	VIRTUOUS CYCLE
dc.subject	VOLATILITY
dc.subject	WORLD DEVELOPMENT INDICATORS
dc.subject	WORLD ECONOMIC INDICATORS
dc.subject	WORLD ECONOMIES
dc.subject	WORLD ECONOMY
dc.subject	WORLD MARKETS
dc.title	Determinants of Globalization and Growth Prospects for Sub-Saharan African Countries
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	Africa
dc.coverage	Africa
dc.coverage	Africa