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Offers insight into international trade and foreign direct investment competitiveness in Africa
Important results derived from applying time series analysis
The effects of international trade and foreign direct investment on developing economies have always been controversial. With the unstoppable spread of globalization and the supremacy of "open" policies over "closed" ones, the debate between "participating" and "not participating" in the world economy has been superseded by discussions on the best policy measures for expanding participation and enhancing the accrued welfare gains. Policies to strengthen international competitiveness are almost unanimously considered important means towards those ends. This book examines two policies frequently used to enhance international competitiveness in Sub-Saharan African economies: exchange rate policy and productivity-related policy.
Content Level »Research
Keywords »Developing Economies - Export - Foreign Direct Investment - Import - International Competitiveness Policy - International Trade - Sub-Saharan Africa - Time Series Analysis
Trade and Economic Growth.- FDI and Economic Growth.- Trade Competitiveness: Exchange Rate and Inflation.- Trade Competitiveness:Exchange Rate, Productivity, and Export Price.- FDI Competitiveness.- Productivity Determinants.- Sustainability of Trade Accounts.- Trade Balance and the Terms of Trade.- Purchasing Power Parity.- Concluding Remarks.