Much of Sub-Saharan Africa's post-independence macroeconomic history has been characterized by boom-bust cycles. Growth accelerations have been common, but short lived. Weak policy formulation and implementation led to large external and fiscal imbalances, excessive debt accumulation, volatile...

Much of Sub-Saharan Africa's post-independence macroeconomic history has been characterized by boom-bust cycles. Growth accelerations have been common, but short lived. Weak policy formulation and implementation led to large external and fiscal imbalances, excessive debt accumulation, volatile...

Much of Sub-Saharan Africa's post-independence macroeconomic history has been characterized by boom-bust cycles. Growth accelerations have been common, but short lived. Weak policy formulation and implementation led to large external and fiscal imbalances, excessive debt accumulation, volatile...

"This book brings non-expert readers to the frontier of economic development. How governments actually function, the basics of economic policy, new tools for social assistance, the reality of Africa, and the challenges of inclusion, education, health, infrastructure, data, foreign aid, among...

Preface: whom is this book for? -- Acknowledgments -- Overview: what is economic development and what does this book say about it? -- Governments : one day, they will work for you -- Economic policy : the basics you¿ve got to get right -- Social policy : old war, new weapons -- Inclusion :...

"Private debt flows to developing countries surged to record levels over the period 2003-07. A few low-income countries have gained access to the international bond market but the bulk of the flows have continued to go to just a few large middle-income countries. Most low-income countries still...