Policy brief: Finance and demand for skill
African economies current growth comes largely from a small base of industry and the manufacturing sector
Abstract
Sub-Saharan Africa experienced a decade of growth between 2000 and 2012, in which average annual GDP growth was over 4.5%. However, recent studies indicate that this growth has not translated into similarly high growth rates in job creation. Current growth comes largely from a small base of industry and the manufacturing sector, which will not come close to absorbing the millions of new workers entering the labour force each year. What is even more challenging is that many educated and skilled workers in Africa fail to find employment. The supply of highly skilled human capital who remain unemployed raises the question of whether there is a shortage of firm-level demand for skill in African economies.
Citation
Tilburg University (2016) Policy brief: Finance and demand for skill
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