. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor...

. Lowering interest rates and, thus, the cost of borrowing in the rand zone (Lesotho, Namibia, Swaziland and South Africa) is a priority to promote investment and economic growth. . Local-currency interest rates in these countries are driven by those on rand-denominated transactions. Reducing...

• Trade barriers seriously distort patterns of international trade, allocation of resources, and economic growth. The total economic costs of the barriers are estimated to exceed $475 billion per annum • Partial reform, such as envisaged in the Uruguay Round, would yield benefits of $195...

Ce document analyse le rôle de la productivité globale des facteurs comme déterminant de la compétitivité des industries manufacturières sénégalaises. Il porte sur un panel de dix groupes d’industries manufacturières et couvre la période 1974-94. Après avoir estimé la fonction de...

We assess the prospects for growth of African economies up to the year 2010 by modelling structural and policy determinants of growth, under different scenarios for changes in the exogenous factors and economic policies which shape the projections. To this end we estimate a growth model for 39...

This paper presents an overview of the evolution of exchange-rate regimes in Africa and then attempts to assess empirically the impact of exchange-rate policy on manufactured export performance on a panel of major Sub-Saharan Africa countries over the 1970-92 period. We examine the impact of...

Three novel macroeconomic policy challenges are discussed in this paper: the macroeconomic implications of China’s emergence; the implications of intensifying financial integration; and the interaction of Asia’s foreign exchange regime with monetary policy in the OECD area. First, China may...

Linkages between international trade and the domestic environment are receiving intensified scrutiny by researchers and policy makers alike. This is especially the case in developing countries, where trade can be a significant agent of change and growth. While trade policies are increasingly...

La littérature récente n'apporte aucune validation économétrique, sur données de panel, de l'hypothèse selon laquelle le capital humain contribue à la croissance. Nous confirmons ce résultat à l'aide d'un échantillon comprenant 83 pays et six périodes entre 1960 et 1990. Cependant,...