Finance and Trade in Africa
Subtitle: Macroeconomic Response in the World Economy Context
Publisher: Palgrave Macmillan
Published: September 7, 2002
Language: eng
Format: Hardcover
Number of pages: 448
ISBN-13: 9780333977224
Subjects: African studies; Development economics; Macroeconomics; Business & Economics; Business / Economics / Finance; Business/Economics; Africa; Africa - General; Economics - Macroeconomics; Finance; History / Africa; Econometric models; Economic conditions; Economic policy; Evaluation; International finance; International trade
First sentence: adjust will lead to a 'race to the bottom' in labour standards, environmental safeguards and tax concession is ignored; as is the 'fallacy of composition' inherent in the small-country assumption, leading to the overexpansion of commodity supplies and declining prices.