Developing economies have to balance globalisation’s benefits and costs. Increased competition can lead to better distribution and productivity but benefits are not shared equally because some sectors or regions grow faster than others. In Southeast Asia, rapid economic growth has reduced...

Partout dans le monde, les télécommunications sont engagées dans de profondes réformes. L’Afrique subsaharienne n’échappe pas à la remise en cause du mode de fonctionnement d’un secteur longtemps dominé par la stabilité technologique et les arrangements institutionnels entre...

ECOWAS, the Economic Community of Western Africa States, was set up in 1975 by 16 countries with the ultimate objective of forming an economic community. As in similar RTAs, that were best thought as extensions of ISI, early results have been rather discouraging, but the process of domestic...

Globalisation, governance and economic performance affect each other in very complex mutual relationships. In this paper, we establish a clear and well-circumscribed hypothesis: “is there an effect of globalisation <I>on</I> governance?” To test this hypothesis or, even more specifically, to test...</i>

Following the end of apartheid and the holding of multi-party elections in 1994, South Africa embarked on new economic and trade reforms and is now rapidly re-integrating its economy into the multilateral trading system. South Africa is by far the largest trading partner in both the Southern...

Efforts to get Sub-Saharan Africa back into the world economy through internationally-backed reforms have largely failed due to lack of institutions, suitable local conditions or ability to negotiate effectively for foreign aid. Powerful interests or dominant communities distorted attempts at...

Due to the substantial rise in the share of Emerging Markets (EM) in foreigncurrency debt markets during the nineties, country risk in EM has become an issue of increasing concern for both new bond issues and rescheduled non-performing loans. However, as recent episodes show, financial...

Throughout the world, deep reforms are being implemented in telecommunications networks. Sub Saharan African countries are not immune to the contestation of the way the sector has been managed to date, dominated as it was by a technological stability and bilateral institutional arrangements...

The economy of the Democratic Republic of Congo is now poorer than it was at independence. From the 1970s, the breakdown of supply and almost continuous erosion of demand gave way to a negative spiral leading to the informalisation, even criminalisation, of whole sectors until the country...

Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two <I>rival</I> explanations for currency crisis. This paper examines a possible linkage between the two that has so far not been explored: corruption may affect a country’s composition of capital...</i>