Liberalisation and poverty in Africa since 1990-Why is the operation of the 'invisible hand' uneven?
The dramatic reduction in poverty in Uganda and Ghana in the 1990s was derived largely from the liberalisation of the export price received by a labour-intensive peasant export sector. Other African economies ought to be able to derive inspiration from this manifestation of the invisible hand, but can they? Several other African peasant export economies experienced price liberalisation during the structural adjustment period, but without experiencing anything like the same positive poverty reduction dynamic. Two reasons are fairly clear-liberalising countries varied in the extent to which they passed on higher export prices, and they also varied in the extent to which they impacted on dimensions of governance, especially the politics of market access, in the rest of the economy. The latter continues to be an important research frontier for future investigators. Copyright © 2009 John Wiley & Sons, Ltd.
Volume (Year): 21 (2009)
Issue (Month): 6 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sachs, Jeffrey D & Warner, Andrew M, 1997.
"Sources of Slow Growth in African Economies,"
Journal of African Economies,
Centre for the Study of African Economies (CSAE), vol. 6(3), pages 335-76, October.
- Francisco Rodriguez & Dani Rodrik, 1999.
"Trade Policy and Economic Growth: a Skeptic's Guide to the Cross-National Evidence,"
9912, Economic Research Forum, revised Apr 1999.
- Francisco Rodriguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338 National Bureau of Economic Research, Inc.
- Rodríguez, Francisco & Rodrik, Dani, 1999. "Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence," CEPR Discussion Papers 2143, C.E.P.R. Discussion Papers.
- L. Alan Winters, 2000. "Trade Liberalisation and Poverty," PRUS Working Papers 07, Poverty Research Unit at Sussex, University of Sussex.
- John Matovu & Duanjie Chen & Ritva Reinikka-Soininen, 2001. "A Quest for Revenue and Tax Incidence in Uganda," IMF Working Papers 01/24, International Monetary Fund.
- David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:21:y:2009:i:6:p:749-756. 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: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.