Titlebook: African Economies in Transition; Volume 1: The Changi Jo Ann Paulson (Senior Economist) Book 1999 Centre for the Study of African Economies

parsimony

Government in Africa’s Emerging Market Economiesscribed than they have been. Sometimes it is said that the need is not so much for less government as for better government. Extensive state interventions in, and management of, economic life might be desirable, if only their quality were assured. This point glosses the argument only slightly, if, a

myelography

The Macroeconomics of the Transition from African Socialismbjectives. This is common to both socialist and market economies. However, socialist economies are distinctive in their microeconomic objectives and this in turn gives rise to distinctive choices of macroeconomic instruments. The socialist perspective implies suspicion of the market as an allocative

親密

Exchange Rate Management in Liberalising African Economiesreform, particularly in formerly socialist countries such as Ethiopia, has usually led to abandonment of fixed exchange rate systems, often under pressure from donors. It is, obviously, not inevitable that liberalisation should involve the giving up of the fixed exchange rate policy, but there are s

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Contend

heterogeneous

Truculent

Inkling

Privatisation in Sub-Saharan Africa: Results, Prospects, and New Approachesd objective. These are to be achieved first by making the enterprises that are retained in the public sector more productive and, second, by divestiture — reducing the size of the PE sector through the sale or liquidation of state assets, or through other forms of privatisation.

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