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Africa at a Turning Point?
Since the mid-1990s, sub-Saharan Africa has experienced an acceleration of economic growth that has produced rising incomes and faster human development. However, this growth contrasts with the continent's experience between 1975 and 1995, when it largely missed out on two decades of economic progress. This disparity between Africa's current experience and its history raises questions about the continent's development. Is there a turnaround in Africa s economy? Will growth persist? 'Africa at a Turning Point?' is a collection of essays that analyzes three interrelated aspects of Africa's recent revival. The first set of essays examines Africa's recent growth in the context of its history of ...
Political Economy, Growth, and Business Cycles
These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. What political and economic factors stimulate growth and make an economy expand? These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the economic effects of political coups and include both theoretical analysis and empirical results.During the past decade, economis...
Economic Adjustment and Exchange Rates in Developing Countries
In spite of the attention paid exchange rates in recent economic debates on developing countries, relatively few studies have systematically analyzed in detail the various ramifications of exchange rate policy in these countries. In this new volume from the National Bureau of Economic Research, leading economists use rigorous models to tackle various exchange rate issues, while also illuminating policy implications that emerge from their analyses. The volume, divided into four main sections, addresses: the role of exchange rates in stabilization programs and the adjustment process; the importance of exchange rate policy during liberalization reform in developing countries; exchange rate prob...
Economic Effects of the Government Budget
The original contributions in this book analyze all of the budget's components expenditures, revenues, the deficit - with a special emphasis on issues that have assumed increasing importance over the last decade or so, such as intergenerational transfers of debt and declines in corporate tax revenues.
Twentieth-Century Suriname
Suriname is a fascinating yet also little known Caribbean country. Fascinating because a unique variety of lifestyles and group identities has characterized this country from its early beginnings as a European plantation colony, but even more so since the influx of contract laborers from British India and Java in the nineteenth century. Little known because even when attention was focused on the country, particularly following a military coup d'état in 1980, this awareness has contributed little to a better understanding of the country's complex developments. In fact, the media have not unveiled but rather covered the essentials of the evolving Suriname society. Combining a broad thematic a...
Dealing with the Debt Crisis
The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.
After Neoliberalism
Neoliberal policy reform in Latin America is examined critically
Black Markets for Foreign Exchange, Real Exchange Rates, and Inflation
Inflation could rise permanently and substantially as a result of unifying official and black market exchange rates, even if real government spending remains constant.
Three Chinese Economies
The book studies the opportunities and challenges confronted by China, Hong Kong and Taiwan against the backdrop of their rapid economic growth.
Tax Holidays and Investment
The tax holiday -- designed to encourage capital investments -- actually penalizes long -term investments in some countries with high inflation rates and relatively fast writeoffs for depreciable capital.
