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Trade, Exchange Rate, and Growth in Sub-Saharan Africa (Paperback, New)
Loot Price: R1,101
Discovery Miles 11 010
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Trade, Exchange Rate, and Growth in Sub-Saharan Africa (Paperback, New)
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Total price: R1,111
Discovery Miles: 11 110
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In this sophisticated yet accessible analysis of the open economies
of Sub-Saharan Africa, Jean-Paul Azam analyses international trade,
exchange rate issues, and longer-term growth, taking due account of
the distinctive features of African economies. In particular, he
examines the informal as well as the formal institutional
frameworks which prevail in different African countries and which
affect their macroeconomic behaviour. Key issues explored include
tariffs and quotas, membership of the CFA Zone, and currency
convertibility or inconvertibility, as well as smuggling,
corruption, parallel markets in goods and currencies, ethnic
diversity and redistribution. Case studies of important
macroeconomic events are used to establish basic stylized facts
from which the theory emerges, and special attention is paid to the
consequences of macroeconomic events for the poor, via the food
market or traditional redistribution mechanisms.
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