The Quality of Growth in Africa has sections dealing with GDP, Equity and Employment; Structural Transformation for Quality Growth; Economic Transformation; Environment; and Urbanisation. The book opens with a critical analysis of GDP. Authored by Lorenzo Fioramonti, it argues the need for a new approach to the measurement of prosperity that is less reliant on simple GDP figures. He argues that GDP estimates do not fully take into account informal activities, nor the depletion of natural resources and the impact of pollution – all factors which are prevalent in Africa’s growth story.
SOURCE: AFRICAN BUSINESS MAGAZINE