Despite the growing population and significant natural resources of Sub-Saharan Africa (SSA), economies in that region currently represent only 2% of global GDP. Finished goods are imported to Africa from the US, Europe, China and Japan, while commodities remain the primary export. Addressing this balance must be the primary focus of initiatives to foster economic growth and development across the region in the coming years. However, there is currently a lack of intellectual discourse that incorporates diverse firm-level and institutional-level theories, as well as the stakeholder perspective, to explain the transformation of Sub-Saharan Africa into a production economy. This two-volume edited work brings together scholars of business in Africa and economic transformation to discuss topics including the knowledge economy, inter-regional relations, supply chains, the informal economy, the service sector and more, creating a broad and probing analysis of Africa’s potential for transformation and strategies to achieve it.
This first volume explores a multidisciplinary perspective on the transformation of SSA’s economies to production and export orientation, which entail: facilitating SSA’s economic transformation through regional relations; the role of SSA’s informal sector on regional relations and economic transformation; and the recommendations for economic transforming in SSA. It will be of interest to scholars of business in Africa, international business, developing economies, business strategy and innovation.
Introduction.- Chapter 1: Economic Transformation in Sub-Saharan Africa (Volume I): Regional Relations and SSA’s Informal Sector Productivity.- Section One: Informal Sector and Economic Transformation in Sub-Saharan Africa.- Chapter 2: Informal economy and global value chain participation in Sub-Saharan Africa: Do technological readiness and institutional quality make any difference?.- Chapter 3: The Contribution of Small and Medium-Sized Enterprises (SMEs) Towards Sustainable Development Goals (SDGs) Performance through the Lens of A Healthy Audit: A Case Of Igbogbo-Baiyeku Local Council Development Area.- Chapter 4: Online Sales Strategies and Social Media Promotions in Improving the Competitive Advantages of Small and Medium Businesses in the Digital Space.- Chapter 5: Unlocking Economic Potential: Harnessing Technology for Growth in Tanzania's Informal Sector.- Chapter 6: Energy Poverty and Growth of Informal Sector Businesses in Anambra State.- Chapter 7: Unravelling the Nexus between the Informal Sector, Financial Sector and Real Sector in Sub-Saharan African Countries – The Moderating Role of the Informal Sector in the Finance-Growth Relationship .- Section Two: Regional Relations and the Productive Capability of SSA.- Chapter 8: Capitalizing on FDI for Knowledge Domestication and Spillovers: A Comparative Analysis of South Africa, Nigeria, and Egypt in the Pursuit of Sustainable Development.- Chapter 9: Towards Achieving Decent Employment and Economic Growth through Intra-Regional Trade in ECOWAS.- Chapter 10: The African Continental Free Trade Area (AfCFTA) and the Potentials of SSA’s Regional Economic Transformation: Considerations on Strategies and Policies in Support of SMEs.- Chapter 11: Economics of Agricultural Raw Materials: Problems, Prospects, and Policies in Nigeria's Fishing Industry.- Conclusion.- Chapter 12: Informal Economy and the Attainment of Sustainable Development across Sub-Saharan Africa’s Sub-region.
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