Argues that the current contributions of the Madagascar financial system to generating investment, employment and incomes in the Madagascar economy is inadequate and suggests policy and structural transformations that can be initiated to greatly improve the macroeconomic context for labour...

Minnesota Rural Real Estate Market in 1991

The people of South Africa, and the African National Congress-led government, have made extraordinary social and economic advances since ending apartheid and beginning the transition to democracy in 1994. But the country still faces severe problems of mass unemployment, underemployment and...

This study revisits the definition of informal employment, and it investigates the puzzle of high open unemployment co-existing with relatively limited informal employment in South Africa. We estimate earnings equations using data from the September 2004 Labour Force Survey and present evidence...

The institutional structure of global commodity chains and cross-border production networks has a profound impact on how the benefits of globalized production are distributed. This paper engages with this issue by developing a model that combines the insights of earlier unequal exchange...

When we speak of the impact of globalization on national and local economies, those economies are actually composed of a wide variety of individuals, each class of whom will be effected differently by large-scale economic forces. In this paper, produced for the U.N.'s International Labour...

In December 2010, the FAO food price index surpassed its previous peak of June 2008, and prices have been maintained at this high level through September 2011 (i.e. as of this writing). This pattern in food prices is creating justified fears of a renewal or intensification of the global food...

This paper explores the intersections between the current trajectory of globalization, changes to the structure of employment, and policies for maintaining opportunities for decent employment. There are numerous outcomes of these interactions, including higher levels of open unemployment, growth...

Madagascar, one of the poorest countries in the world, faces many challenges. But recent political stability, debt cancellation, and a strong developmental plan for the future embedded in the Madagascar Action Plan – in addition to Madagascar's long-standing advantages of great mineral and...

This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the regime, and summarizes some major critiques. Monetary...