DAVID BEVAN is a Fellow of St John's College, Oxford, and is one of the founders of the Centre for the Study of African Economies. His publications include Peasants and Governments andControlled Open Economies, both co-authored with Paul Collier and Jan Willem Gunning.PAUL COLLIER is Professor of Economics at Oxford University and Director of the Development Research Group, the World Bank. He is consultant for the International Monetary Fund, the World Bank and the European Commission, as well as other international organizations.NORMAN GEMMELL is Professor of Emeritus Economics at the University of Nottingham. His books include Structural Change and Economic Development: the Role of the Service Sector, Surveys in Development Economics and The Growth of the Public Sector: Theory and International Evidence.DAVID GREENAWAY is Pro-Vice-Chancellor and Professor of Economics at the University of Nottingham. His previous books include International Trade Policy, Economic Development and International Trade (editor), Current Issues in International Trade (editor), Macroeconomics: Theory and Policy in the UK (with G. K. Shaw) and The Economics of Intra-Industry Trade (with C. R. Milner). He has been Associate Editor of the Economic Journal and Joint Managing Editor of The World Economy.

• Acknowledgements Notes on Contributors Introduction; D.Bevan, P.Collier, N.Gemmell & D.Greenaway PART ONE: TRADE REFORM ISSUES Timing and Sequencing Issues for Trade Liberalization in Africa; R.Falvey & C.D.Kim African Trade Liberalizations: Alternative Strategies for Sustainable Reform; P.Collier & J.W.Gunning Donor Trade Benefits from Aid: Evidence from the EC and Sub-Saharan Africa; O.Morrissey The Credibility Problem and the Speed of Trade Liberalisation: Modelling the Costs of Speculative Behaviour with an Application to Kenya; R.Reinikka PART TWO: FISCAL REFORM ISSUES The Design of Fiscal Reforms in Revenue-Constrained Developing Countries; C.Bliss Tax Revenue Instability in Sub-Saharan Africa: Causes and Consequences; M.Bleaney, N.Gemmell & D.Greenaway Analysing the Incidence of Taxes in the Cote d'Ivoire; N.C.Chia, S.Wahba & J.Whalley Tax Reform in Tanzania; N.E.Osoro PART THREE: INTERFACES Fiscal Implications of Trade Liberalization; D.Bevan The Fiscal Impact of Trade Reforms in Tanzania in the 1980s; W.Lyakurwa Portfolio Responses to Trade Policy Incredibility; P.Collier & J.W.Gunning Index

DAVID BEVAN is a Fellow of St John's College, Oxford, and is one of the founders of the Centre for the Study of African Economies. His publications include Peasants and Governments andControlled Open Economies, both co-authored with Paul Collier and Jan Willem Gunning.PAUL COLLIER is Professor of Economics at Oxford University and Director of the Development Research Group, the World Bank. He is consultant for the International Monetary Fund, the World Bank and the European Commission, as well as other international organizations.NORMAN GEMMELL is Professor of Emeritus Economics at the University of Nottingham. His books include Structural Change and Economic Development: the Role of the Service Sector, Surveys in Development Economics and The Growth of the Public Sector: Theory and International Evidence.DAVID GREENAWAY is Pro-Vice-Chancellor and Professor of Economics at the University of Nottingham. His previous books include International Trade Policy, Economic Development and International Trade (editor), Current Issues in International Trade (editor), Macroeconomics: Theory and Policy in the UK (with G. K. Shaw) and The Economics of Intra-Industry Trade (with C. R. Milner). He has been Associate Editor of the Economic Journal and Joint Managing Editor of The World Economy.

• Acknowledgements Notes on Contributors Introduction; D.Bevan, P.Collier, N.Gemmell & D.Greenaway PART ONE: TRADE REFORM ISSUES Timing and Sequencing Issues for Trade Liberalization in Africa; R.Falvey & C.D.Kim African Trade Liberalizations: Alternative Strategies for Sustainable Reform; P.Collier & J.W.Gunning Donor Trade Benefits from Aid: Evidence from the EC and Sub-Saharan Africa; O.Morrissey The Credibility Problem and the Speed of Trade Liberalisation: Modelling the Costs of Speculative Behaviour with an Application to Kenya; R.Reinikka PART TWO: FISCAL REFORM ISSUES The Design of Fiscal Reforms in Revenue-Constrained Developing Countries; C.Bliss Tax Revenue Instability in Sub-Saharan Africa: Causes and Consequences; M.Bleaney, N.Gemmell & D.Greenaway Analysing the Incidence of Taxes in the Cote d'Ivoire; N.C.Chia, S.Wahba & J.Whalley Tax Reform in Tanzania; N.E.Osoro PART THREE: INTERFACES Fiscal Implications of Trade Liberalization; D.Bevan The Fiscal Impact of Trade Reforms in Tanzania in the 1980s; W.Lyakurwa Portfolio Responses to Trade Policy Incredibility; P.Collier & J.W.Gunning Index