Africa and Economic Policy

Ferdinand Bakoup is currently Lead Economist at the African Development Bank.

“This is an important book on prospects for accelerated economic development in Africa by a well-qualified observer with extensive policy experience in the region. Ferdinand Bakoup has provided an original, systematic, and comprehensive overview of the policy challenges and opportunities facing Africa today, with a focus on how Africans themselves can achieve important gains in living standards on the continent through appropriate domestic policy choices. I recommend this book not just to macroeconomists and development economists with an interest in Africa, but to anyone with a professional interest in improving living standards in low-income countries more generally.” — Peter Montiel, Professor of Economics, Williams College, USA

• Acknowledgements; Introduction; 1. The Sectoral Approach to Economic Policy and Its Limits; 2. Conceptual Framework of a Systemic Economic Policy for the Revival of Africa; 3. Final Goals for a Systemic Economic Policy; 4. Intermediate Goals for a Systemic Economic Policy; 5. Operating Goals for a Systemic Economic Policy; 6. Instruments for a Systemic Economic Policy; 7. Means of Implementing a Systemic Economic Policy; 8. Economic Policy in Particular Contexts: Economic Crisis and Natural Resources–Based Economies; 9. Globalization: A Variable Geometry Process; 10. Globalization: A Factor of Worsening Economic Policy Constraints, but also Source of Opportunities?; 11. Recent Trends of Foreign Aid to Africa; 12. What Goals for Foreign Aid?; 13. How to Channel Aid for It to Be Effective; 14. A Successful Economic Policy Experience in Africa: Economic Policy in Tunisia; 15. Post-apartheid South Africa’s Economic Policy: Lessons from a Successful Experience; 16. Some Economic Policy Experiences in Developed and Emerging Countries; Conclusion; Notes; Bibliography; Index