This paper examines the impact of the COVID-19 pandemic on gross fixed capital formation across the euro area. The empirical analysis suggests that the intensity of the lockdown measures to contain the spread of the virus and the country-specific structure of the economy along with other...

The present crisis symptoms evident in most developing economies are particularly pronounced in black Africa. Although this is largely due to factors beyond the control of the countries concerned, inappropriate development strategies have aggravated their effects. In order to mobilize the black...

The sugar industry is a major provider of jobs and income for sugar-exporting countries in Africa. The lower sugar prices that were caused by the recent liberalisation of the EU sugar market may not only jeopardise economic development in those countries, but the reforms also create difficulties...

Digitalisation has become one of the core concepts in European modernisation. Whileinvestment in computer hardware, telecommunications equipment, software and databaseshas increased over the years, the degree of modernity of the overall capital stock has not.This paper examines whether there is...

Politicians and economists in sub-Saharan Africa claim that the eighties were a lost decade for Africa. Statistics justify this statement and prospects for the future are uncertain. Will the structural changes presently taking place in the world economy have a positive influence on development...

In sub-Saharan Africa, like elsewhere in the Third World, great hopes are attached to industrialization as a means of achieving economic and social development. Are the IMF and the World Bank, via their Structural Adjustment Programmes in the region, helping to create a leaner, more competitive...

As a result of a donor conference staged by the World Bank in Paris on 3rd and 4th December, 1987, donor countries and international organizations now intend to make $6.4 billion available in the form of a special programme to highly indebted, low-income African countries to carry out structural...

Integration in Africa can only be a long-term attempt to solve economic problems, because of its high absorption of scarce and therefore expensive factors of production. In contrast to integration, cooperation seems to be a more useful approach to tackle the urgent employment and growth problems.