Abstract Since 1990, South–South (S–S) trade has been growing much faster than overall world trade. The global financial crisis has, if anything, accentuated this trend, with S–S trade flows proving much more resilient than North–North flows. This has occurred despite the fact that...

Elaborating on PAsinetti (1998), the 'Geometry of Debt Sustainability' - GDS - represents a simple analytical tool for the analysis of the long run sustainability of foreign debt. GDS provides a simple analysis of three aspects of debt sustainability. It points up how the 'structural' aspect -...

Sub-Saharan Africa's export performance over recent decades has typically been por-trayed as poor compared to other regions in developing countries. This paper takes a new look at the record, using data on the volume rather than the value of African ex-ports. When analysed in volume terms a...

Sub-Saharan Africa's export performance over recent decades has typically been por-trayed as poor compared to other regions in developing countries. This paper takes a new look at the record, using data on the volume rather than the value of African ex-ports. When analysed in volume terms a...

Working Paper 11 gives a synthesis of Working Papers 7, 9 and 10 (see the relevant Summaries for further details). It also provides a brief synthesis of earlier literature on the fiscal effects of aid, which is related to the wider literature on the development impact of aid and on budget...

ESAU Working Paper 8 presents evidence from sample surveys, conducted among beneficiary households in Limpopo and KwaZulu Natal provinces, of the effectiveness of public works programmes in solving the problems of unemployment and poverty in South Africa. The programmes are implemented under the...

Working Paper 9 forms part of a set of four ESAU papers on the fiscal effects of aid in African countries. The others are on Malawi (Working Paper 7), on Zambia (Working Paper 10) and a literature Survey and Synthesis (Working Paper 11). The first, historical and analytical background, part of...

This paper investigates whether South Africa’s tax incentives have been effective in generating additional manufacturing investment (both local and foreign direct investment). South Africa’s investment incentive regime compares favourably with international best practice. However, the...

Working Paper 10 forms part of a set of four ESAU papers on the fiscal effects of aid in African countries. The others are on Malawi (Working Paper 7), on Uganda (Working Paper 9) and a literature Survey and Synthesis (Working Paper 11). The first, historical and analytical background, part of...

This paper is concerned with the micro-level effects of privatisation in South-East Europe, focusing on the experiences of Bosnia Herzegovina and the Republic of Serbia. The republics of the former Yugoslavia were among the first transition economies in Eastern Europe to implement privatisation...