PART I: Policy -- Looking for African tigers / Arne Bigsten -- Investment, macroeconomic policies and growth / Kupukile Mlambo and Temitope W. Oshikoya -- Aid and economic reform / Howard White -- Aid-constrained trade reform in Kenya / Jorgen Levin -- Monetary policy effectiveness in Zambia / Abraham Mwenda -- Minimum wages and trade regimes : CGE results for Zimbabwe / Ramos Mabugu and Margaret Chitiga -- -- PART II: Institutions -- Financial institutions and the mobilisation of resources for development / Victor Murinde -- Institutions and rural development in Uganda : issues arising / John Ddumba-Ssentamu -- Building African institutions : learning from South Asia / Mariam S. Pal -- Market power and productivity in Zimbabwean manufacturing / Kupukile Mlambo and Thomas Sterner -- Regionalism in African development / Peter Kimuyu -- Transforming economic and political structures for growth : the Zambian experience / Manenga Ndulo -- The other Africa: economic development in Lusophone countries / Renato Aguilar -- -- PART III: The Future -- The new South Africa : growth or stagnation? / Mats Lundahl -- The political economy of the Horn / Gote Hansson -- Agriculture, policy impacts and the road ahead / Wilfred Aboum-Ongaro -- Towards sustainable development : the poverty-environment nexus / Charles Leyeka Lufumpa -- Privatisation and market development / Steve Kayizzi-Mugerwa
Summary
This book offers an in-depth analysis of the current state of the African economy and makes constructive suggestions about its future direction. The contributors argue that despite enduring challenges such as food security and employment creation, Africa faces a brighter future in sustainable growth provided that governance and policy- making are effectively employed to maintain peace, achieve greater regional collaboration and encourage private sector competitiveness
