Description - Asia and Africa in the Global Economy by Julius Court
The performances of Asian and African economies over recent decades has clearly shown that engagement with the global economy can play a key role of advancing development. Researchers and policymakers have paid particular attention to the marked divergence of growth in Southeast Asia and in sub-Saharan Africa. One of the most obvious differences in their performance and economic structure has been the extent of their participation in the global economy. While many East Asian economies have accelerated their integration into the world economy and upgraded their mode of linkages, the majority of sub-Saharan African countries have been increasingly marginalized. What is less clear, however, is the significance of different policy, institutional and structural issues - and the manner in which they have interacted - in explaining the divergent performances of Southeast Asia and sub-Saharan Africa. This book systematically deciphers the different experiences in the two regions as they have interacted with an ever-changing global economy.
It provides comprehensive coverage of policies and institutions, focusing on the key sectors of primary exports, resource processing for export, manufacturing, foreign direct investment, financial flows, and official development assistance. This detailed comparative analysis comes at a time when developing countries continue to search for strategies to strengthen their participation in the global economy - and bring more widespread and sustainable benefits to their peoples.
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United Nations University
Publisher: United Nations University
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Book Reviews - Asia and Africa in the Global Economy by Julius Court
Author Biography - Julius Court
Ernest Aryeetey is a professor of economics at the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. Julius Court is a Research Officer at the Overseas Development Institute, London. Machiko Nissanke is a reader in the Department of Economics at the School of Oriental and African Studies, University of London. Beatrice Weder is a professor of economics at the University of Basel, Switzerland, and has previously worked at the International Monetary Fund and the World Bank.