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Trade reform and regional integration in Africa

Author: Zubair Iqbal; Mohsin S Khan; International Monetary Fund.; African Economic Research Consortium.
Publisher: Washington, D.C. : IMF Institute, International Monetary Fund, ©1998.
Edition/Format:   Print book : Conference publication : International government publication : EnglishView all editions and formats
Summary:
In recent years, economic performance in most of sub-Saharan Africa has improved. Growth has picked up, resulting in an increase in per capita output in a number of countries, inflation has decelerated markedly, and the fiscal and external deficits have been reduced. In large part, the economic recovery can be attributed to improve macroeconomic and structural policies rather than to favorable expernal developments,  Read more...
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Genre/Form: Conference papers and proceedings
Congresses
Additional Physical Format: Online version:
Trade reform and regional integration in Africa.
Washington, D.C. : IMF Institute, International Monetary Fund, ©1998
(OCoLC)655247906
Material Type: Conference publication, Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Zubair Iqbal; Mohsin S Khan; International Monetary Fund.; African Economic Research Consortium.
ISBN: 1557757690 9781557757692
OCLC Number: 39747286
Notes: "Papers presented at the IMF, African Economic Research Consortium seminar on Trade reform and regional integration in Africa, December 1-3, 1997."
Description: xii, 509 pages : illustrations ; 23 cm
Contents: Opening address / Alassane Ouattare --
Trade reforms and regional integration / Zubair Iqbal and Mohsin S. Khan --
Trade liberalization / Michael Mussa --
Trade liberalization in Sub-Saharan Africa / Robert Sharer --
The revenue implications of trade liberalization / Liam P. Ebrill and Janet G. Stotsky --
Globalization, implications for Africa / Paul Collier --
Why is trade reform so difficult in Africa? / Dani Rodrik --
Africa's role in multilateral trade negotiations / Zhen Kun Wang and L. Alan Winters --
Trade and growth in Sub-Saharan Africa / Benno J. Ndulu and Njunguna S. Ndung'u --
Africa, industrialization strategy in the context of globalization / Charles Chukwuma Soludo --
Regional integration, lessons from Asia and the Western hemisphere / Gary Hufbauer and Barbara Kotschwar --
Trade policy and regional integration in Sub-Saharan Africa / Ademola Oyejide --
Beyond trade : regional arrangements as a window on globalization / Christian A. François and Arvind Subramanian --
Sub-Saharan African experiences with regional integration / Ernest Aryeetey --
Regional integration arrangements in Southern Africa : SADC and SACU / Trudi Hartzenberg and Gavin Maasdorp --
Regional trade arrangements : the COMESA experience / Louis A. Kasekende and Charles A. Abuka --
The role of ECOWAS in trade liberalization / Charles D. Jebuni.
Responsibility: editors, Zubair Iqbal, Mohsin S. Khan.

Abstract:

In recent years, economic performance in most of sub-Saharan Africa has improved. Growth has picked up, resulting in an increase in per capita output in a number of countries, inflation has decelerated markedly, and the fiscal and external deficits have been reduced. In large part, the economic recovery can be attributed to improve macroeconomic and structural policies rather than to favorable expernal developments, such as terms of trade gains. Indeed, these favorable developments have been achieved at a time when official development assistance has been declining. Key structural reforms have been implemented in many African countries, including curtailing of price controls, dismantling of some inefficient public monopolies, privatization, elimination of nontariff barriers in most countries, and a reduction in import duties in many. At the same time, exchange rates have been largely freed and unified, restrictions on current transactions liberalized, and important progress has been made toward market-determined interest rates in most countries.

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