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Inflation Inequality in South Africa

"The inflation crisis of 2008 drew greater attention to the varying experiences of inflation in South Africa and,in particular, to the fact that different groups within society may have significantly differing inflation experiences. The groups may...

The G-20 and Financial Regulation in Africa

"In light of the recent global financial and economic crisis, financial stability is an overarching goal for the world economy. The Group of Twenty (G-20) is the primary global forum for co-ordinating international activities in setting new stand...

Solutions Pratiques au Problème de Financement des PME au Cameroun / Practical Solutions to the Problem of SME Financing in Cameroon

"The role of small and medium enterprises (SMEs) in the fight against unemployment and the revival of economic activity is well established. Cameroon up till now suffers of a private sector that constitutes over 90% of unsustainable SMEs due to l...

Raising South Africa's Speed Limit

In order to understand South Africa's poor economic performance since the end of Apartheid, this study focused on key features that set South African economy apart from many other, successful countries. The very low levels of labour participation ...

Africa and the Global Crisis : Time to Throw Away Neo Liberalism

The economic activity in African countries, was devastated by the financial and economic crisis that swept away small businesses, firms, mines, jobs, revenues and livelihoods; compounding existing challenges and shocks of the highroad and energy c...

Enhancing Public Budget Transparency in Botswana

"This policy brief discusses the need to make Botswana’s budget process more transparent. Transparent or open budgets both facilitate and support timely, relevant public access to budget information, enhancing citizen participation in the budgetar...

The Impact of Obama’s Election on Democracy and Governance Discourse in Africa

"This paper argues that the financial crises in the United States and globally have opened up the possibility for thinking quite differently about the role of the state in governance, the role of the state in development, and the interface between...

A Modelling of Ghana's Inflation Experience: 1960–2003

"The study sought to ascertain the key determinants of inflation in Ghana for the past 40 years. Stylized facts about Ghana’s inflation experience indicate that since the country’s exit from the West African Currency Board soon after independence,...

A Statistical Analysis of Foreign Exchange Rate Behaviour in Nigeria's Auction

"In the attempt to explain some of the possible causes of the instability, particularly in the principal currency, our study looked at the macroeconomic policy characteristics of all six phases of the auction system between September 26 1986 and D...

A Strategy for Graduate Training In Economics for Africans

"Three principal conclusions were drawn from the research : 1)research programmes needed to take account, through appropriate adjustments in modalities and procedures of a deteriorating environment. Below subsistence salaries, increased teaching a...

Africa and the Global Economic Crises : Impacts, Policy Responses and Political Economy

"African countries have already undertaken a number of effective measures to minimize the impacts of the crisis. Taking a longer-term perspective, African countries could turn the crisis into an opportunity to restore their economic potentials an...

Current Global Crisis and Macroeconomic Implications of AID-financed Public Investments: Evidence from Tanzania

"In this paper we discuss the macroeconomic implications of variations in AID inflows for Tanzania using an economy-wide dynamic CGE model. The major conclusions coming out from this work is that productivity effects matter. If additional aid and ...

Economic Policies in G-20 and African Countries during the Global Financial Crisis Who’s the Apprentice, Who’s the Master?

"This paper finds that G-20 countries have responded through fast and large bailouts, historically large fiscal stimuli and accommodative monetary policies. It seems that African countries could learn from this, and in part they should indeed do s...

External Debt and Economic Growth in Sub-Saharan African Countries: An Econometric Study

"Results obtained in this study confirm that an excessively high stock of external debt depresses investment and lowers the rate of economic growth. Thus, heavily indebted countries in sub-Saharan Africa need to articulate creative strategies fo...

Facing the Global Financial Crisis - Policy Lessons from Small Mauritius

"The objective of the paper therefore is to assess the case of a small island developing state like Mauritius where government has attempted to mitigate the negative consequences of the global economic crisis through an appropriate policy mix. So...

Global Economic and Financial Crisis and Trade: Kenya’s Experience

"This paper investigates the effects of the global economic and financial crisis in Africa and whether or not Kenya’s trade sector has been a channel for transmitting the crisis in the country. The analysis of the effects of the crisis in Sub-Saha...

Global Economic and Financial Crisis: Transmission Channels and Impacts on Sub-Saharan African Economies

"In this paper, an overview is then provided of how sub-Saharan African countries are exposed to the crisis through both financial and real transmission channels, and critically assess the impacts on different economies with recent data. The first...

Global Economic Crisis : The Need for African Government Interventions for Rapid Economic Recovery and Stability

"The objective of this paper is to discuss measures required by African governments in cushioning the effects of the global economic crisis on the region’s economies. To this end, the paper is organized into five sections. Aside from the introduct...

Global Economic Slowdown and the African Continent : Rethinking Export Led Growth

"The deterioration in economic performance has opened the export-led growth model to challenge suggesting that there is a need for a rethink and the need for a shift on the new development policy agenda that focuses on domestic demand-led growth. ...

Global Economy in Crisis : A Rethinking of Received Economic Doctrine with some Evidence from Nigeria

"This paper examines the impact, policy responses and implication of the global financial crisis on Nigeria. It also reviews the received economic doctrine which has fundamentally contributed to the crisis and calls for a rethinking of the dominan...

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