Article | Innovations: Technology, Governance, Globalization | Winter 2012

South Sudan: The Birth of an Economy

by Eric D. Werker, Kelly Wyett and Shannon Ding

Abstract

We discuss the birth of a new economy in a society that has only recently emerged from a 22-year-long civil war. The pace of growth so far has been fast but uneven. We find that aid and oil money are flowing rapidly into certain sectors, while other employment-generating areas of the economy, particularly agriculture, have barely changed their centuries-old ways. As a result, the recent windfall of wealth has yet to translate into tangible development benefits for the majority of the population. In order to achieve growth in these other sectors, there is a need for more innovation in both government policy and business strategy.

Keywords: Sudan; developing markets; Foreign aid; conflict; oil prices; private sector development; Emerging Markets; Policy; Developing Countries and Economies; Innovation and Invention; Sudan;

Citation:

Werker, Eric D., Kelly Wyett, and Shannon Ding. "South Sudan: The Birth of an Economy." Innovations: Technology, Governance, Globalization 7, no. 1 (Winter 2012): 73–90.