Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding … gaps in external liquidity and increasing demand for foreign borrowing. The paper also finds that Malawi suffered a heavy … after 1976 was transmitted worldwide and as a result, the rate of interest on Malawi debt rose (by 373%) from only 1.9% in …

a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid … an aid goal of just 0.01% of rich-country GDP for the poorest countries and negative aid flows to the developing world as … a whole. We do not claim in any way that this is the 'right' amount of aid, but only that this exercise lays bare the …

Contemporary policy debates on the macroeconomics of aid often concentrate on short-run Dutch disease effects, ignoring … the possible supply side impact of aid—financed public expenditure. We develop a simple model of aid and public … a step increase in net aid flows. Our simulations show that beyond the short-run, where Dutch disease effects are …

Can Africa's current state of under-development be partially attributed to the large trade in slaves that occurred … Africa between 1400 and 1913. I find the number of slaves exported from a country to be an important determinant of economic … of its detrimental impact on the formation of domestic institutions, such as the security of private property, the …

Malawi is one of the poorest countries in the world; this is largely due to the fact that more than 80% of the total …, micro and medium enterprises (SMMEs) is one way of achieving economic diversification in Malawi, indirectly addressing the … problem of poverty and employment creation . The Government of Malawi has, in recent years recognized the role that SMMEs can …

Malawi has been implementing structural adjustment reforms since 1981 in search of a way to revive its declining … whether or not the claim that structural adjustments lead to manufacturing growth has been applicable to Malawi. By comparing … SAPs have assisted in improving manufacturing growth in Malawi though dismally. This dismal performance is evidenced by …