Africana Periodical Literature 
bibliographic database
| Previous page | New search |
The free AfricaBib App for Android is available here
 Periodical article |
 Leiden University catalogue |
 WorldCat |
| Title: | Africa, the economic crisis, and international economic governance |
| Author: | Agarwal, Manmohan |
| Year: | 2009 |
| Periodical: | South African Journal of International Affairs |
| Volume: | 16 |
| Issue: | 1 |
| Pages: | 1-15 |
| Language: | English |
| Geographic term: | Subsaharan Africa |
| Subjects: | international trade international economic relations economic development South-South relations |
| External link: | https://www.tandfonline.com/doi/abs/10.1080/10220460902986214 |
| Abstract: | The turmoil in the developed economies has hit the developing world hard. Export earnings have tumbled. The countries of Subsaharan Africa have again seen their terms of trade worsen, and cannot depend for high growth on conditions in the developed world. The development strategy of the Subsaharan African countries then has to rely either on investments by the domestic private sector or increased demand from other developing countries. The former requires infrastructure investment by governments and policies that raise the profitability of private investment. Infrastructure investments, because of budgetary constraints, require support from international institutions. Negotiations could further enhance South-South trade and financial flows. For instance, Indian imports of food grains have risen, but agricultural productivity must rise for an increase in African exports to India. This requires Subsaharan African countries and their developing country allies to press in the G20 and other fora that research encouraged by such entities as the Consultative Group for International Agricultural Research benefit more African countries. App., bibliogr., notes, ref., sum. [Journal abstract] |
