The overall impact of financial globalization on the domestic financial sector is profound. Liberalization of capital flows has effectively made domestic financial repression obsolete. The consequences have not been uniformly favorable. Following liberalization, domestic interest rates in...

Several countries in Southern Africa have enormous potential to expand trade and mutually benefit from regional integration, and thus truly achieve 'growth without borders'. At the same time, several African countries are adopting growth pole strategies in order to deepen the economic linkages...