The 1994 dévaluation of the CFA-franc seems to be the main event of the decade in French-speaking Africa.For the main actors, Africans or foreigners, the achievements are in accordance with their expectations.In others words, it was believed that the dévaluation would be successful and, in the...

This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of...