Central to the following discussion is the assertion that a foreign trade policy which maximizes the static efficiency gains from trade may result in reduced dynamic or X-efficiency and thus impair a developing country’s development potential. The dominant view of the relation between...

No observer of the African economic scene could fail to be struck by the multiplicity of economic co-operation groupings. While these represent simple institutional structures that are within the administrative capacity of the African States and offer useful training for more sophisticated...