Workers in the African countries
... output, according to Economic Theories, is connected directly with the Savings Rate of a particular country and African countries have one of the slowest savings rates, resulting in low output.
"Sustainable growth of living standards, employment, and exports all depend on growth of productivity-output per unit of input. Per capita income, the single best measure of economic well-being, is clearly closely related to output per worker," say Edwards and Golub (2002).
A country's exports and international competitiveness naturally depends on labour cost and worker productivity. Growth performance of African countries of 1970s and 1990s had been unimpressive. The empirical literature is still inco...