Michael Peters, Youdan Zhang, Fabrizio Zilibotti
Across much of sub-Saharan Africa, growth is arriving without the factory boom that shaped earlier development miracles. Instead, workers are leaving farms for non-tradable consumer services. This column presents new evidence that suggests these sectors can generate real productivity and welfare gains, but their benefits are local and uneven. The challenge for policymakers is to make service-led growth more productive and more inclusive while preserving opportunities in agriculture, manufacturing, and tradable services.
Πηγή: Voxeu