A fundamental macroeconomic problem in Zimbabwe is that the sum of public-sector projects is greater than the resources available to finance them. The government’s difficulty in discerning the macroeconomic limitations on new initiatives was greatly increased by the unusual circumstances of...

A striking feature of South Africa's trade liberalisation is that, until 2995, it did not involve any import liberalisation. The focus of earlier liberalisation wsa the reduction of the anti-export bias, and, on the import side, the replacement of QRs with equivalnet tariffs and other duties....