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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...

Trade in Financial Services in Southern Africa: What Room for Negotiators Post-2008 Financial Crisis?

"This study assesses the impact of the financial crisis and G20 discussions on regulatory reform and trade in financial services in the SADC region, with a specific focus on its effect on corporate, trade and project financing from the standpoint ...

Subsidies as an Instrument of Industrial Policy: Are they WTO Compliant?

"The economic recession revealed a global trend towards trade protectionism, replicating the fortification of domestic labour and commercial interests that occurred during previous periods of recession. Although countries employ a wide range of ...

International Trade and Emerging Markets Since the Crisis

"This paper attempts to make sense of the post-crisis state of play in international trade, by taking a forward look at emerging markets and global trade policy. After describing the political and economic context for international trade up to 200...

Zimbabwe at a crossroads

Zimbabwe is on a steady political and economic decline. The country’s democratic process has continually suffered as opposition members are silenced. The economic situation in Zimbabwe has demonstrated a similar pattern of decline as 60% of the po...

Angola and Ukraine: Unlikely bedfellows

This update discusses the relationship between Angola and the Ukraine. The Ukraine has been supplying both UNITA and the Government of Angola with weapons. This supply of arms might tip the strategic balance in Luanda in favour of those who prefe...

Botswana Beef Exports and Trade Policy

"The Botswana beef export industry is in crisis. The recent financial difficulties of the Botswana Meat Commission (BMC) have been exacerbated by temporary factors – notably the recent drought and the outbreak of foot and mouth disease (FMD) resu...

OSSREA Bulletin Vol 7 No 1

In this bulletin the following articles features: 1)A Glimpse at Preparations for Copenhagen and its Accord 2) South-South Co-operation or Sub-Imperialism? South African “Quiet Diplomacy”, SADC Docility, and the Underdevelopment of Zimbabwe. This ...

Whither the Multilateral Trading System? Implications for (South) Africa

"So far the World Trade Organisation (WTO) has acted as a constraint on the worst protectionist pressures building in the global trading system following the 2008–10 global financial crisis, which is a testament to the system’s constraining power...

Trade, Industrial Policy and Exchange Rates in South Africa

"South Africa’s trade, industrial and exchange rate policies have been the subject of substantial public debate in recent months, not least owing to the impact of the 2008–10 global financial crisis. On the trade and industrial policy fronts a sub...

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...

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