Mitigating the impacts of the financial and economic crisis in Africa

Availability:
Ebook in PDF format. Available for immediate download after we receive your order

DRM:
Watermark

Publication Year:
2009

ISBN-13: 9782296244955

The global economic crisis revealed a high fragility of growth in African economies, especially among those that are heavily dependent on commodity export. The fragility and lack of depth in African financial markets has also exposed them to adverse effects of volatility of foreign capital outflows. This calls for an urgent need to design strategies to exploit the full potential of domestic resource mobilization and pooling of resources, as well as a rebalancing of exportled growth strategies.