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

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Conclusion: Multifactor Explanations,ve mechanism, the government has a choice between regulating the private agents who constitute it or replacing them with public agencies. Three microeconomic interventions have had particularly powerful macroeconomic repercussions: the allocation of credit, price controls, and the allocation of foreign exchange.

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The Macroeconomics of the Transition from African Socialismve mechanism, the government has a choice between regulating the private agents who constitute it or replacing them with public agencies. Three microeconomic interventions have had particularly powerful macroeconomic repercussions: the allocation of credit, price controls, and the allocation of foreign exchange.

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Government in Africa’s Emerging Market Economiesbecome onerous, and if the real resources available to governments had not consequently diminished. Ideas of what tasks may fittingly be undertaken by governments in Africa have long depended on current financial prospects; governments have been unambitious only so long as they were not becoming richer. (Rimmer, 1989, p. 175)

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The Changing Role of the State in Formerly-Socialist Economies of Africaof Asia, and East and Central Europe, and in the major liberalisations undertaken in many Latin American economies during the 1980s to introduce and strengthen capitalist structures. But while these other episodes have been the subject of much study, rather less is known about what happened in the African cases, and why.

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Book 1999e privatization of state enterprises. A companion volume (0-333-71237-4) contains in-depth country studies. These books are the first in an important new series in association with the Centre for the Study of African Economies, University of Oxford.

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Lisa Flower,Sarah Klosterkamp,Emma Rowdenring the 1970s and part of the 1980s many governments on the African continent embraced state-led development strategies. Government efforts to use state institutions to compensate for the small base of indigenous capital and skill reflected the dominant development thinking at the time of independence.