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Item Details
Title: TRADE, EXCHANGE RATE, AND GROWTH IN SUB-SAHARAN AFRICA
By: Jean-Paul Azam
Format: Electronic book text

List price: £15.00


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ISBN 10: 0511254946
ISBN 13: 9780511254949
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 1 December, 2006
Description: A sophisticated yet accessible analysis of economic activity in Sub-Saharan Africa.
Synopsis: 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.
Illustrations: 10 tables
Publication: UK
Imprint: Cambridge University Press (Virtual Publishing)
Returns: Non-returnable
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