IDEAS home Printed from
   My bibliography  Save this article

Macroeconomic Management In The World Economy– An Exploratory Note On Africa


  • Ravinder Rena

    () (PNG University of Technology)


In the 1980s, the focus in economic management in Africa shifted towards macroeconomic stabilization policies. This led to the neglect ofsectoral policies and microeconomic reforms, which are critical for industrialization and diversification. In line with this, the African economies continue to sustain the growth momentum for the past few years. However, most African countries’ real growth rates have remained low relative to their development goals. Improved economic management and increases in non-oil commodity prices have more than offset the negative impact of high oil prices on the real GDP of African oil importing economies. African countries also continue to face the challenge of other deadly diseases, especially malaria and HIV/AIDS, remained as the deadly killer diseases in the continent. This paper explores macroeconomic imbalances in the global economy. It delves the recent developments that occurred in the African economy in recent years. It also emphasizes certain diversification policies which are pertinent in the development of African economies.

Suggested Citation

  • Ravinder Rena, 2009. "Macroeconomic Management In The World Economy– An Exploratory Note On Africa," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 9(1), pages 19-32, Ianuary.
  • Handle: RePEc:fmb:journl:v:9:y:2009:i:1:p:19-32

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fmb:journl:v:9:y:2009:i:1:p:19-32. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (George Maniu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.