Book Chapter
IntroductionPart of Book Economies in Transition
Policy coherence implies that donors in pursuing domestic policy objectives should avoid adversely affecting the development prospects of poor countries. To achieve policy coherence donors and multilateral institutions need to ensure security and...
Much of the debate on green growth and environmental governance tends to be general in nature, and is often conceptual or limited to single disciplines. Even though recent discussions on these topics have benefited from the accumulation of empirical...
The success of Africa's exports, as well as its spatial development, depends on lowering transport costs. In this Policy Brief, we address a number of pertinent questions on transport costs in Africa, such as 'what are transport costs?', 'do...
The current chapter, first, finds that although the post-independence growth of African economies has fallen substantially below that of other regions, this comparative evidence is less than uniform across time and countries. Second, it uncovers...
The Oxford Companion to the Economics of Africa is a definitive and comprehensive account of the key issues and topics affecting Africa's ability to grow and develop. It includes 53 thematic and 48 country perspectives by a veritable who's who of...
The concept of Green Growth implies that a wide range of developmental objectives, such as job creation, economic prosperity and poverty alleviation, can be easily reconciled with environmental sustainability. This article, however, argues that...
We link a bottom-up energy sector model to a recursive dynamic computable general equilibrium model of South Africa in order to examine two of the country’s main energy policy considerations: (i) the introduction of a carbon tax and (ii)...
Africa’s improved growth performance over the last 15 years provides an opportunity for the continent to transit from recovery to structural transformation. This paper reviews the evolution of development theory and practice, the role of agriculture...
Survey-based tools for determining inequality in Africa south of the Sahara have been critiqued for being too expensive, and oftentimes unsuitable to the realities of the region. The need for a reliable alternative for determining wealth distribution...
The paper compares the Russian transition with the Chinese reforms. The concept and implications of 'transition' differ from those of 'reform'. Transition in its systemic understanding is considered as a change of the system, a shift to a new one...
The main purpose of this paper is to argue that Ghana's economic recovery under SAP would have been much brighter if policy makers had not made some obvious errors in the application of the theory of 'comparative advantage' and in the selection...
The shortages of entrepreneurial skills have lowered search effectiveness of potential young entrepreneurs and the rate of youth start-ups. Our paper contributes to closing the gap in the entrepreneurship and development literature with a model of...
A substantially higher rate of growth of exports is crucial to ensure success of the major outward-oriented, 'market friendly' economic reforms being pursued in India and Sri Lanka. The international economic and trade environment, however, is far...
A one-good, representative consumer model of the pre-reform consumer sector of transition economies is developed. An equation is derived that permits empirical estimation of the welfare effect of price liberalization. Empirical estimates are...
The studies of this Special Issue aim to address the general question of how aid can better support the collective actions that seek to improve education systems in developing countries. Overall, they provide an analysis of key policy strategies that...
Part of Journal Special Issue Aid, Education Policy, and Development
Part of Journal Special Issue Aid, Education Policy, and Development
A survey of the changing relationship between the market for political services and the market for financial services.
Ever since 1978, China has been making more and more progress in her economic system reform and gaining popularity around the world. This paper gives a general picture of China's economic system reform: its background, problems, policies...
Reconstructing Africa's war damaged economies is an urgent task. This is especially so in a group of countries - Angola, Eritrea, Ethiopia, Guinea-Bissau, and Mozambique - which must also complete their economic and political transition from state...
Since the 1960s the resource-rich developing economies have under-performed compared with the resource-deficient economies. This paper explains why and outlines the reforms that are required in order to achieve environmentally and socially...
This paper considers the rationale for and limitations to selective export promotion policies in developing countries, with a focus on manufactured exports. It draws upon the experience of the most successful exporters in the developing world - the...
The emergence of a select group of developing countries as destinations for private portfolio investment in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsibilities and capacities public...
The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe...
The subject of economic reform is probably as large as the problems with which it has to deal. In order to understand why such a reform became necessary after 70 years of socialist development, it is essential to see it in historical perspective.
In 1994-97 Poland has recorded an outstanding economic performance in terms of GDP growth, simultaneous reduction of inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and institution...
As it transitions to an oil-producing country, Uganda’s investments in infrastructure and physical capital will increasingly depend on the ability of the construction sector to respond to surges in demand and transform investment effort into outcomes...
This Working Paper discusses mixed systems in which SMEs functioned successfully in the presence of extensive state ownership of large enterprises and even classical central planning. Past and present examples are considered in which a small...
This study examines the empirical relationship among inequality, poverty and economic growth in India. Using data on consumption from the 13th to the 53rd Rounds of the National Sample Survey, the author computes, for both rural and urban sectors...
This paper outlines the impact of the global economic crisis on Africa. Recovery requires coordinated and consistent efforts to assist individual countries in mitigating (reducing) the risk, coping with the impact, and reducing risk over the longer...