Workers in the African countries
...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... Workers' output, according to Economic Theories, is connected directly with the Savings Rate of a particular...