Tyck till om SwePub Sök
här!
Sökning: onr:"swepub:oai:gup.ub.gu.se/39030" >
Is Globalisation Go...
-
Bigsten, Arne,1947Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
(författare)
Is Globalisation Good for Africa?
Förlag, utgivningsår, omfång ...
Nummerbeteckningar
-
LIBRIS-ID:oai:gup.ub.gu.se/39030
-
2077/2841hdl
-
https://gup.ub.gu.se/publication/39030URI
Kompletterande språkuppgifter
Ingår i deldatabas
Klassifikation
-
Ämneskategori:vet swepub-contenttype
-
Ämneskategori:rap swepub-publicationtype
Serie
-
Working Papers in Economics (online),1403-2465 ;67
Anmärkningar
-
Globalisation or market integration in Sub-Saharan Africa is closely linked to the structural adjustment programmes. In this paper we focus on their dependence on politics and institutional characteristics of the countries concerned. In particular, we argue that one important explanation for the dismal performance of many African countries, in spite of all the measures taken towards market liberalisation, is a lack of willingness or ability on the part of the politicians to respect the restrictions imposed on their behaviour and policy choices by the liberalised markets. The point we make in this paper is that market integration magnifies the effects of policies. We look specifically at the increased exposure to international prices and returns on assets make the economic equilibrium relations, the law of one price (LOP) and uncovered interest parity (UIP), relevant guidelines for economic policy. We illustrate the arguments by presenting the case of Zimbabwe. It is a good example where the lack of respect for the restrictions imposed by international markets has led to an economic crisis with negative growth rates and a process away from globalisation.
Ämnesord och genrebeteckningar
Biuppslag (personer, institutioner, konferenser, titlar ...)
-
Durevall, Dick,1954Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics(Swepub:gu)xdurdi
(författare)
-
Göteborgs universitetInstitutionen för nationalekonomi med statistik
(creator_code:org_t)
Internetlänk