" The IMF and the World Bank have integrated a large number of countries into the world
economy by requiring governments to open up to global trade, investment, and capital. They …

International economic integration can in many ways be seen as one of the everyday
consequences of globalization. As communication lines grow shorter, more and more …

Two visions of aid effectiveness and allocation are compared. The first, corresponding to the
new aid paradigm, argues that aid is effective only if domestic policies are appropriate. The …

Conditionality has been used to induce reform. The rather disappointing results of this
approach have led to a gradual redesign of the aid contract, toward a shorter period and …

This paper draws on the recent endogenous-growth methodology to study the factors behind
differences in per capita growth rates across Africa. The results indicate that various …

This paper aims to assess the role of instabilities on Africa's low rates of growth during the
seventies and eighties, using cross-section econometric estimates, on a sample of African …

A common currency, as envisioned in the Maastricht Treaty, is thought to be the surest way
to" lock in" commitments to monetary cooperation among sovereign states. But historical …

The often emotional debate over the impact of structural adjustment on the poor in Africa has
been confused by the complexity of economic reforms and their inconsistent implementation …

AFRICA'S EXTERNAL relations have dominated the discussion of its economies. In trade
relations, protectionism against imports and schemes to reduce the volatility of export …

This chapter examines the relevance of the economic vulnerability concept for low-income
countries (LICs), a topic which has recently been given considerable importance by several …