The financial and economic crisis of 2008and 2009 has taken its toll on the SouthAfrican economy. The economy contractedfor the first time since 1998, and enteredrecession during the fourth quarter of 2008.The GDP contraction was soon transmittedto the labor market. Between the secondquarters of...

There can be little doubt that, historically, trade has acted as an important engine ofgrowth for countries at different stages of development, not only by contributing to a moreefficient allocation of resources within countries, but also by transmitting growth from onepart of the world to...

This paper analyzes some of the critical factors that determine project success inthe African Development Bank on the basis of data available on 146 projectscompleted by 1995. The analysis relies heavily on these observed data and doesnot take into account issues of project quality and...

Smallholder agriculture continues to play akey role in African agriculture. This paperinvestigates trends, challenges andopportunities of this sub-sector in EastAfrica through case studies of Kenya,Ethiopia, Uganda and Tanzania. In theseagriculture-based economies, smallholderfarming accounts...

The global financial system has witnessed rapid growth and substantial structural change duringthe last ten years leading to globalisation of financial markets. The integration of financial markets hasaccentuated the rapid flow of capital across borders as well as magnified the contagious...

L'intervention de l'Etat pour soutenir la production et la croissance se manifeste en général à travers la fourniture de deux types d'infrastructures ; les infrastructures institutionnelles et les infrastructures physiques. Les infrastructures institutionnelles ou "capital social" se...

This paper uses data from the International Comparison Program 2005 to recover income and price elasticity estimates for the African continent using the Extended Linear Expenditure System for 13 broadly defined commodities. The results can be used for aggregate welfare comparison in such global...

This study first delineates the conceptual and practical issues in corporate governance,without assuming any prior understanding of corporate governance. It then surveys,using some of the more objective international criteria, the institutional record forquality corporate governance in Africa.In...

This paper empirically investigates the impact of agricultural trade reform in South Africa. Using UNCTAD’s Agricultural Trade Policy Simulation Model (ATPSM), the study performs two specific scenarios that capture the magnitude of (i) the economic impact of global agricultural trade reform in...

Of the 4 billion people that are known to be poor in the world today, Africa hasmore than her fair share, and the number of the poor, as percentage of the totalAfrican population, has been steadily increasing since independence. While thestate played an extremely important role in financing...