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Africa in the World Economy: The National, Regional, and International Challenges

Dec 01, 2005 | FONDAD | FONDAD
The contributors to this book examine the economic constraints to growth and development faced by sub-Saharan African countries. These constraints include the underdevelopment of domestic capital markets, the lack of national and regional infrastructures, and the ongoing dependence on the export of commodities whose prices and markets are volatile and remain largely determined by the large companies of western countries. Chapter 11 looks at the challenges of macroeconomic convergence and monetary coordination for regional integration in Sub-Saharan Africa, while chapter discusses whether Sub-Saharan Africa is an optimal currency area.