‘Africa and Economic Policy: Developing a Framework for Policymakers’ aims to fill an important gap in the current literature on economic policy in developing countries. Despite its richness and sophistication, the current economic literature has not yet succeeded in developing a framework for economic policy that is clear and intelligible to policymakers in developing countries, and which is capable of effectively delivering a sustained increase in citizens’ well-being. This ground-breaking study seeks to rectify this problem by suggesting a unique conceptual framework for designing and conducting economic policy in developing countries, particularly those in Africa.
About the Author
Ferdinand Bakoup is currently Lead Economist at the African Development Bank.
Table of Contents
Acknowledgements; Introduction; 1. The Sectoral Approach to Economic Policy and Its Limits; 2. Conceptual Framework of a Systemic Economic Policy for the Revival of Africa; 3. Final Goals for a Systemic Economic Policy; 4. Intermediate Goals for a Systemic Economic Policy; 5. Operating Goals for a Systemic Economic Policy; 6. Instruments for a Systemic Economic Policy; 7. Means of Implementing a Systemic Economic Policy; 8. Economic Policy in Particular Contexts: Economic Crisis and Natural Resources–Based Economies; 9. Globalization: A Variable Geometry Process; 10. Globalization: A Factor of Worsening Economic Policy Constraints, but also Source of Opportunities?; 11. Recent Trends of Foreign Aid to Africa; 12. What Goals for Foreign Aid?; 13. How to Channel Aid for It to Be Effective; 14. A Successful Economic Policy Experience in Africa: Economic Policy in Tunisia; 15. Post-apartheid South Africa’s Economic Policy: Lessons from a Successful Experience; 16. Some Economic Policy Experiences in Developed and Emerging Countries; Conclusion; Notes; Bibliography; Index