There is little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new evidence on this issue based on a panel data sample of 16 developing countries. The paper finds that the...

This paper examines the experience of Sub-Saharan Africa (SSA) to answer the question of whether the region is at a turning point in its economic fortunes. The improvement in growth reflects in part a rise in the utilization of existing capacity. To be sustained, however, a high rate of growth...

Intro -- Contents -- Preface -- 1. Introduction -- Part I: External Debt -- 2. Macroeconomic Approach to External Debt: The Case of Nigeria -- 3. Ghana: The Burden of Debt-Service Payment Under Structural Adjustment -- 4. Growth and Foreign Debt: The Ugandan Experience -- 5. The External Debt...