Titlebook: Economics in a Changing World; Volume 4: Developmen Edmar L. Bacha Book 1994 International Economic Association 1994 competition.economic d

预示

International Constraints and Economic Policy-Making in African Countries in ways that have made countries interdependent. International linkages through the balance of payments permit spillovers, internationally, of the effects of policy actions and non-policy disturbances, but they also impose constraints on the types and extent of use of various instruments that polic

ALE

结合

The Unorthodox Response of the South African Economy to Changes in Macroeconomic Policyllowed the nominal exchange rate to fall and tried to achieve a positive real cost of borrowing. The response to these policy changes should have been more rapid growth of exports, especially labour-intensive exports, and a greater use of labour throughout the economy. Indeed, exports did grow fast