TY  - BOOK
AU  - McAuliffe,Catherine
AU  - Saxena,Sweta Chaman
AU  - Yaraba,Masafumi
ED  - International Monetary Fund.
TI  - The East African Community: prospects for sustained growth 
T2  - IMF working paper
SN  - 1475553579
AV  - HG3881.5.I58 W67 No. 12/272eb
U1  - 337.1676 23
PY  - 2012///
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - East African Community
KW  - fast
KW  - Economic development
KW  - Africa, East
KW  - Poverty
KW  - Economic history
KW  - BUSINESS & ECONOMICS / International / Economics
KW  - bisacsh
KW  - BUSINESS & ECONOMICS / International / General
KW  - Economic conditions
KW  - Electronic books
N1  - Title from PDF title page (IMF Web site, viewed Nov. 26, 2012); "African Department"--Page 2 of pdf; "November 2012"--Page 2 of pdf; Includes bibliographical references (pages 50-53)
N2  - "The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade -- the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries -- macroeconomic and government stability, favorable business climate, and strong institutions -- but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out"--Abstract
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=520713
ER  -