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Trade Policy And Economic Growth In Sub Saharan Africa
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Book Synopsis Trade and Development in Sub-Saharan Africa by : J. H. Frimpong-Ansah
Download or read book Trade and Development in Sub-Saharan Africa written by J. H. Frimpong-Ansah and published by Manchester University Press. This book was released on 1991 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Results of a research project on "Trade and Development in Sub-Saharan Africa", organized by the Rockefeller Foundation, the Centre for Economic Policy Research and the Commonwealth Secretariat. Papers focus on export performance, the international trade system and the effects of various policies.
Book Synopsis Trade Policy and Economic Performance in Sub-Saharan Africa by : Dani Rodrik
Download or read book Trade Policy and Economic Performance in Sub-Saharan Africa written by Dani Rodrik and published by . This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focuses on the role of trade and trade policy in achieving sustained long-term growth in Africa. One major conclusion is that trade policy in Sub-Saharan Africa works much the same way that it does elsewhere. High levels of trade restrictions have been an important obstacle to exports in the past, and their reduction can be expected to result in significantly improved trade performance in the region. There is little ground for pessimism in this respect, or for concern that Africa's different conditions poor infrastructure, geography, or dependence on a limited number of primary products make it a special case in which exports are not responsive to prices or to the traditional instruments of commercial policy. At the same time, the effects of trade policy on economic growth seem to be indirect and much more modest. The fundamentals for long-term growth are human resources, physical infrastructure, macroeconomic stability, and the rule of law.
Book Synopsis Trade Policy and Economic Growth in Sub-Saharan Africa by : Henok Arega Asfaw
Download or read book Trade Policy and Economic Growth in Sub-Saharan Africa written by Henok Arega Asfaw and published by . This book was released on 2017 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a number of multi-country case studies utilizing comparable analytical frameworks, numerous econometric studies using large cross-country data sets, and important theoretical advances in growth theory, there is still disagreement among economists concerning how a country's international economic policies and its rate of economic growth interact. The central objective of this paper is to empirically assess the link between trade policy and economic growth in Sub-Saharan Africa countries. Apart from reviewing different literatures, this study also provides empirical evidence on the relationship between economic growth and trade policies. In doing so, the study used a panel data covering 47 Sub-Saharan Africa countries over the periods 2000-2008. The estimation support claims that openness to international trade stimulates both economic growth and investment. Besides, trade policies such as average weighted tariff rate and real effective exchange rate have both direct and indirect impacts on economic growth.
Book Synopsis Fostering Trade in Africa by : Gbadebo O.A. Odularu
Download or read book Fostering Trade in Africa written by Gbadebo O.A. Odularu and published by Springer Nature. This book was released on 2020-03-09 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses trade relations and facilitation issues at both the regional and the continental African level, highlighting the increasing business opportunities and challenges that confront Africa in the digital age. It also examines the effects of trade policies and other policy instruments on Africa’s economic development and presents workable policy measures for a more business-friendly ecosystem. Discussing various topics, including trade relations between African countries, African and international trade agreements, and trade liberalization policies, the book appeals to scholars of economics, business and management as well as professionals and policymakers interested in fostering free trade and sustainable business development in Africa.
Book Synopsis Good Governance and Trade Policy by : Francis Ng
Download or read book Good Governance and Trade Policy written by Francis Ng and published by World Bank Publications. This book was released on 1999 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract:,500) and an annual increase of 3 or 4 percentage points in the growth rate for this variable. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to accelerate the trade and growth of developing countries. The authors may be contacted at [email protected] or [email protected].: Turning the economies of Sub-Saharan Africa around requires badly needed national policy reform-abandoning the region's restrictive fiscal, monetary, property, and wage policies and trade barriers. Economists often argue that the level and structure of a country's trade barriers and the quality of its governance policies (for example, regulating foreign investment or limiting commercial activity with red tape) have a major influence on its economic growth and performance. One problem testing those relations empirically was the unavailability of objective cross-country indices of the quality of governance and statistics on developing countries' trade barriers. Ng and Yeats use new sources of empirical information to test the influence of trade and governance policies on economic performance. They use a model similar to those used in the literature on causes and implications of economic growth but focus more heavily on the World Bank's index of the speed with which countries are integrating into the world economy. Their results show that countries that adopted less restrictive governance and trade policies achieved significantly higher levels of per capita GDP; experienced higher growth rates for exports, imports, and GDP; and were more successful integrating with the world economy. Regression results indicate that national trade and governance regulations explain over 60 percent of the variance in some measures of economic performance, implying that a country's own national policies shape its rate of development, industrialization, and growth. Their tests provide new insights into the phenomenon of economic convergence, showing that poorer open countries are integrating more rapidly into the global economy than others. This finding parallels what others have observed about economic growth rates. They test their empirical results in a case study asking whether inappropriate national policies have caused Sub-Saharan Africa's dismal economic performance. The evidence strongly supports this proposition. Indices of the quality of national governance show that African countries have generally adopted the most inappropriate (restrictive) fiscal, monetary, property, and wage policies and that their own trade barriers (including customs procedures constraining commercial activity) are among the world's highest. Improving African trade and governance policies to levels currently prevailing in such (non-exceptional) countries as Jordan, Panama, and Sri Lanka would be consistent with a sevenfold increase in per capita GDP (to about.
Book Synopsis Promoting Growth in Sub-Saharan Africa by : Mr.Anupam Basu
Download or read book Promoting Growth in Sub-Saharan Africa written by Mr.Anupam Basu and published by International Monetary Fund. This book was released on 2000-10-02 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is the world’s poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and discusses a policy framework to promote sustainable economic growth and reduce poverty across the region.
Author :United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade Publisher : ISBN 13 : Total Pages :260 pages Book Rating :4.0/5 (18 download)
Book Synopsis U.S. Trade with Sub-Saharan Africa by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Download or read book U.S. Trade with Sub-Saharan Africa written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and published by . This book was released on 1998 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis African Economic Development by : Christopher Cramer
Download or read book African Economic Development written by Christopher Cramer and published by Oxford University Press. This book was released on 2020 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book challenges conventional wisdoms about economic performance and possible policies for economic development in African countries. Its starting point is the striking variation in African economic performance. Unevenness and inequalities form a central fact of African economic experiences. The authors highlight not only differences between countries, but also variations within countries, differences often organized around distinctions of gender, class, and ethnic identity. For example, neo-natal mortality and school dropout have been reduced, particularly for some classes of women in some areas of Africa. Horticultural and agribusiness exports have grown far more rapidly in some countries than in others. These variations (and many others) point to opportunities for changing performance, reducing inequalities, learning from other policy experiences, and escaping the ties of structure, and the legacies of a colonial past. The book rejects teleological illusions and Eurocentric prejudice, but it does pay close attention to the results of policy in more industrialized parts of the world. Seeing the contradictions of capitalism for what they are - fundamental and enduring - may help policy officials protect themselves against the misleading idea that development can be expected to be a smooth, linear process, or that it would be were certain impediments suddenly removed. The authors criticize a wide range of orthodox and heterodox economists, especially for their cavalier attitude to evidence. Drawing on their own decades of research and policy experience, they combine careful use of available evidence from a range of African countries with political economy insights (mainly derived from Kalecki, Kaldor and Hischman) to make the policy case for specific types of public sector investment"--
Book Synopsis Trade Infrastructure and Economic Development by : David Olusanya Ajakaiye
Download or read book Trade Infrastructure and Economic Development written by David Olusanya Ajakaiye and published by Taylor & Francis. This book was released on 2012-03-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: As one reviewer noted, this book fills a huge void in the literature and provides a single, rich and comprehensive source for the framework to analyzing the major impediments for export sector to contribute to the development and growth of countries in Africa and other developing regions. The editors are the lead figures at the AERC.
Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura
Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Book Synopsis Practical Lessons for Africa from East Asia in Industrial and Trade Policies by : Peter Harrold
Download or read book Practical Lessons for Africa from East Asia in Industrial and Trade Policies written by Peter Harrold and published by World Bank Publications. This book was released on 1996 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Living Standards Measurement Survey Working Paper No. 121. Explores the link between poverty and lack of infrastructure using the 1992-93 Viet Nam Living Standards Survey. The household data indicate that, in general, access to infrastructure is almost equally bad for the poor and the non-poor, although there are some regional and urban-rural differences. The paper gives particular attention to the potential benefits from an expansion of irrigation infrastructure.
Book Synopsis Regional Growth Spillovers in Sub-Saharan Africa by : Francisco Arizala
Download or read book Regional Growth Spillovers in Sub-Saharan Africa written by Francisco Arizala and published by International Monetary Fund. This book was released on 2019-07-24 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic conditions of others. Estimates show that in the short run, positive idiosyncratic shocks to regional trading partners’ growth significantly increase growth in the average sub-Saharan African country, while in the long-run the annual impact of growth in regional trading partner’s is smaller in magnitude. Policy implications including the need to support further continent-wide integration and the associated growth spillovers are discussed. Actions policymakers in sub-Saharan Africa can take to capture the benefits of these spillovers, while limiting exposure to the associated risks, are also proposed.
Book Synopsis Trade and Industrial Development in Africa by : Moyo, Theresa
Download or read book Trade and Industrial Development in Africa written by Moyo, Theresa and published by CODESRIA. This book was released on 2015-03-02 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa's development. It uses data drawn from national development plans and strategies, and trade and industry issues have been prioritized at the continental level, in key policy documents. On the whole Africa's industry and trade performance have been poor in spite of national, regional, and continental plans. The contributors to this volume propose some alternative strategies and policies which are necessary for trade and industry to grow and to contribute to the well-being of Africa's people. It calls for a developmental trade and industry policy which, fundamentally, must be people-centred. African states should invest time, energy and resources to develop policies which will take into consideration African realities.The different contributors are aware that Africa has experienced strong economic growth in the recent past but this growth has largely been due to a strong demand for Africa's primary commodity exports. It has also been a result of increases in productivity and domestic investment and remittances from Africans living in the Diaspora. It is important to note that despite this unprecedented growth performance, the impact of trade and industry on development has been limited. The book argues that a structural transformation of Africa's economies is inevitable if Africa is to achieve the shift from the dominant paradigm of production and export of primary goods. The various contributors to this book agree that there is need to rethink policy and strategy in order to achieve industrial development in Africa. There is no unique solution or answer that can fit all situations as African countries are not the same. While Africa can draw lessons from other regions which have successfully industrialized, this book argues that policies and strategies will have to be adapted to country-specific situations and circumstances.
Book Synopsis Globalization and the Southern African Economies by : Mats Lundahl
Download or read book Globalization and the Southern African Economies written by Mats Lundahl and published by Nordic Africa Institute. This book was released on 2004 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the place of Southern Africa in the globalized economy. Identifies the overall economic trends in the African continent and the responses, required and actual, to the impact of an increasingly interdependent world economy.
Book Synopsis Factors Impeding Economic Growth in Sub-Saharan Africa Despite Liberalized Trade Policies by : Hasan Ahmed
Download or read book Factors Impeding Economic Growth in Sub-Saharan Africa Despite Liberalized Trade Policies written by Hasan Ahmed and published by . This book was released on 2016 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Industrial Policy and Economic Transformation in Africa by : Akbar Noman
Download or read book Industrial Policy and Economic Transformation in Africa written by Akbar Noman and published by Columbia University Press. This book was released on 2015-09-15 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.
Author :Ivohasina Fizara Razafimahefa Publisher :Springer Science & Business Media ISBN 13 :3540689214 Total Pages :170 pages Book Rating :4.5/5 (46 download)
Book Synopsis International Competitiveness in Africa by : Ivohasina Fizara Razafimahefa
Download or read book International Competitiveness in Africa written by Ivohasina Fizara Razafimahefa and published by Springer Science & Business Media. This book was released on 2007-05-24 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers insight into international trade and foreign direct investment competitiveness in Africa. It examines two policies frequently used to enhance international competitiveness in Sub-Saharan African economies: exchange rate policy and productivity-related policy.
