It has been suggested that financial liberalisation may be a key policy to promote industrialisation as it removes the credit access constraint on firms, especially small and medium ones. We investigate the effect of credit expansion in the wake of liberalisation on the structure of the...

If, as some recent research seems to suggest, the economic performance of countries that comply with World Bank conditionality is significantly better than that of countries that do not comply, then an important topic for research is the identification of factors that increase the likelihood of...

Industry in Sub-Saharan African programme countries is in a severe crisis. Is this affecting the industrial base necessary for future growth and leading to de-industrialization? Or is the industry undergoing a process of efficient restructuring whereby the lack of growth is the result of...

Most developing countries consider foreign direct investment (FDI) as an invaluable source for filling the resource gaps that hinder their development programmes. Moreover, FDI can also be a medium for acquiring skills, technology, organizational and managerial practices and access to markets....

Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics,...