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Mozambique’s Debt Crisis: Trawling for Answers

Debt relief was granted to the government of Mozambique, less than two decades ago, and again this government finds itself unable to honour obligations to international creditors. Pending the publication of an audit of US$2 billion of borrowing by M…

Evaluation des Impacts des Crises et des Réponses Politiques Mises en œuvre au Sénégal : Situation des Enfants et Simulations de Politiques de Protection Sociale / Evaluation of the Impacts of Crises and Political Responses Implemented in Senegal: Situ

This study focused on the impacts of crises in recent years (food, energy, economic and financial) and the policy responses on the situation of children in Senegal. From an overall assessment of the social and economic policies implemented to meet t…

The Improving Global Outlook and Morocco

Global economic growth is likely to improve in 2016 compared to 2015's lacklustre outcome. The slow recovery in the United States and Europe is likely to continue. However, weakness in China as well as several large emerging markets, and sluggishn…

What Happened to World Trade?

Since the aftermath of the global financial crisis, 2015 can be regarded as one of the worst years for world trade, with figures exhibiting a decline of almost 14% in dollar value terms. In fact, world trade volumes have lagged behind GDP growth sin…

Reform or unravel? Prospects for Angola’s transition

Angola is facing an existential transition. A presidential succession is occurring ahead of the August 2017 elections amid a deep financial crisis, internal factionalism within the Popular Movement for the Liberation of Angola and strong oppositio…

Hard Times: The World Economic Crisis and Emerging Capacity Challenges for Africa

The world economy has changed significantly in recent times. With greater financial globalisation, there emerged a mistaken perception that 'fathomless' capital was a pattern of this 'new world'. It soon became apparent that the recent financial c…

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 b…

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 standar…

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 lac…

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 in…

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 cri…

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, i…

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 Dec…

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 and…

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 and …

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 co…

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 so …

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 for …

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 f…

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-Sahara…

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