“Two-thirds of all people infected with HIV live in sub-Saharan Africa, although this region contains little more than 10% of the world’s population” ("The impact of HIV & AIDS on Africa", 2010, para. 1). “During 2008 alone, an estimated 1.4 million adults and children died as a result of AIDS in sub-Saharan Africa…[that is] more than 15 million Africans [who] have died from AIDS…since the beginning of the epidemic”("The impact of HIV & AIDS on Africa", 2010, para. 1). The impact that HIV/AIDS has had on this region is astounding and caused widespread human suffering. “The most obvious effect of this crisis has been illness and death, but the impact of the epidemic has certainly not been confined to the health sector; households, schools, workplaces and economies have also been badly affected” ("The impact of HIV & AIDS on Africa", 2010, para. 1). Most of these sub-Saharan countries are still in the developing stages in terms of their economies; the damage that the epidemic has done to the economy seems irreversible. “The economies of the worst affected countries were already struggling with development challenges, debt and declining trade before the epidemic started to affect the continent…AIDS has combined with these factors to further aggravate the situation” ("The impact of HIV & AIDS on Africa", 2010, para. 17). Through this paper I will describe the macroeconomic impact of HIV/AIDS in sub-Saharan Africa, comment on the sources of economic growth and the use of scarce resources, and comment on growth and equity in relation to resolving the issue of reducing inequality in the distribution of income.
“By 2006…the HIV/AIDS pandemic had infected more than 40 million worldwide and up to 40 percent of the adult populations of some African countries, such as Botswana” (Case, Fair, & Oster, 2009, p. 443). “AIDS has reversed gains in life expectancy and improvements in child mortality in
References: Case, K. E., Fair, R. C., & Oster, S. M. (2009). Principles of microeconomics (9th ed.). Upper Saddle River, NJ: Pearson Education . Growth and equity. (2010). Retrieved from http://www.eldis.org/go/topics/resource-guides/poverty/key-issues/growth-and-equity Haacker, M. (2004). The macroeconomics of HIV/AIDS. Retrieved from http://books.google.com/books?hl=en&lr=&id=cNoIsYZYObYC&oi=fnd&pg=PR9&dq=microeconomic+impacts+of+HIV/AIDS+in+Africa&ots=W3qyi2zw0z&sig=Iy6PRqsAUmX_tvqluE7IhQc40Qc#v=onepage&q=microeconomic%20impacts%20of%20HIV%2FAIDS%20in%20Africa&f=false Poverty around the world. (1998-2010). Retrieved from http://www.globalissues.org/article/4/poverty-around-the-world The impact of HIV & AIDS on Africa. (2010). Retrieved from http://www.avert.org/aids-impact-africa.htm