IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-23458-5_7.html
   My bibliography  Save this book chapter

International Constraints and Economic Policy-Making in African Countries

In: Economics in a Changing World

Author

Listed:
  • M. I. Mah’moud

    (African Centre for Monetary Studies (ACMS))

Abstract

While governments everywhere are faced with formulating economic policy in order to achieve national objectives, the world economic system has evolved in ways that have made countries interdependent. International linkages through the balance of payments permit spillovers, internationally, of the effects of policy actions and non-policy disturbances, but they also impose constraints on the types and extent of use of various instruments that policy-makers must take into consideration. Particularly in Africa, the implications of international constraints for the conduct of economic policy is a topical issue. This topicality is due to the fact that although economic openness generally offers an opportunity for gains from international trade and capital flows, it has remained a major source of shocks to African economies. Moreover, while the benefits and tensions associated with economic interdependence are scarcely new phenomena nor limited to Africa, the generally poor economic performance of African economies in the 1970s and 1980s has raised issues regarding the effectiveness of the conduct of economic policy in African countries in the presence of external shocks and the role of the international financial system in African policy-making.

Suggested Citation

  • M. I. Mah’moud, 1994. "International Constraints and Economic Policy-Making in African Countries," International Economic Association Series, in: Edmar L. Bacha (ed.), Economics in a Changing World, chapter 7, pages 149-170, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-23458-5_7
    DOI: 10.1007/978-1-349-23458-5_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    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:pal:intecp:978-1-349-23458-5_7. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.