Aryeetey, Ernest; Udry, Christopher - Center for International Development, Kennedy School of … - 2000
Gross domestic savings in Africa averaged only 8 percent of GDP in the 1980s, compared to 23 percent for Southeast Asia … and 35 percent in the Newly Industrialized Economies. Aside from being generally low, saving rates in most of Africa have …, coupled with the risk management strategies and production activities of households in Africa account for the patterns of …