The central proposition of this paper is that African countries should start thinking through undertaking an orderly transition from the current high dependence on foreign aid for financing economic and social development. Aid dependency should be reduced not because the international...

Why has growth in the Arab world been so disappointing? Stagnating since 1985, the little growth that does exist is volatile and unstable, and the region has lagged behind both the gains of other developing countries and the region's own pre-1985 performance. This article attempts to encourage...

An empirical analysis of the demand for international reserves in the Sudan is presented, based on the error-correction model. This model is parametrically rich enough to allow the division of the effects into long-run influences, short-term adjustments, and proportional equilibrium impacts....

The results of this paper show that higher premiums have deleterious effects on official exports and tax revenue from foreign trade, also as expected a high premium tends to accelerate capital flight. The results of the paper also show that there exists weak evidence that controlling inflation...