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Periodical article |
| Title: | Briefing: Africa and the credit crunch: from crisis to opportunity? |
| Authors: | Cramer, Christopher Johnston, Deborah Oya, Carlos |
| Year: | 2009 |
| Periodical: | African Affairs: The Journal of the Royal African Society |
| Volume: | 108 |
| Issue: | 433 |
| Pages: | 643-654 |
| Language: | English |
| Geographic term: | Subsaharan Africa |
| Subjects: | economic recession global economy |
| External link: | https://www.jstor.org/stable/40388424 |
| Abstract: | This briefing discusses the impact of the global financial crisis on sub-Saharan Africa. The multiple channels through which Africa is affected work in different ways: commodity exports, import costs, remittances, aid and foreign direct investment. The briefing outlines these mechanisms, emphasizing the diversity of effects within Africa as well as the high degree of uncertainty about the scale of these effects. An example of this uncertainty concerns the place of South Africa in the crisis. The authors then discuss whether the disturbance to intellectual self-confidence in the heartlands of global capitalism might or might not have progressive implications for the evolution of policy thinking within African economies. Notes, ref. [ASC Leiden abstract] |