Book contents
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Chapter Nine Globalization: a Variable Geometry Process
- Chapter Ten Globalization: A Factor of Worsening Economic Policy Constraints, But also a Source of Opportunities?
- Part Four Foreign Aid and African Economic Policy
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Chapter Ten - Globalization: A Factor of Worsening Economic Policy Constraints, But also a Source of Opportunities?
from Part Three - Globalization: Challenges and Opportunities for African Economic Policy
Published online by Cambridge University Press: 05 October 2014
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Chapter Nine Globalization: a Variable Geometry Process
- Chapter Ten Globalization: A Factor of Worsening Economic Policy Constraints, But also a Source of Opportunities?
- Part Four Foreign Aid and African Economic Policy
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Summary
“We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared; and that our global plan for recovery must have at its heart the needs and jobs of hard-working families, not just in the developed countries but in emerging markets and the poorest countries of the world too. […] We believed that the only sure foundation for sustainable globalization and rising prosperity for all is an open economy based on market principles, effective regulation, and strong global institutions.”
G20, Leaders' Statement, Global Plan for Recovery and Reform, London, April 2, 2009Introduction
The economic policy outlined in this book will reposition Africa on the road to economic prosperity for all its citizens. But in life, nothing is easy. Our capacity to execute the plans that we elaborate for our life is constantly under diverse constraints. Some constraints even limit the actions that we can undertake. Others, on the contrary, limit the effects of the actions that we take. Economic policy is no exception to this rule. I will say that it is even more submissive to it than any other thing. Its implementation will therefore require much skill, determination and creativity on the part of officials in charge, especially to manage and remove a number of constraints.
- Type
- Chapter
- Information
- Africa and Economic PolicySpeculation and Risk Management on the Fringes of Empire, pp. 161 - 180Publisher: Anthem PressPrint publication year: 2014