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This book presents a number of key studies pertaining to the most pressing challenges of economic regional integration in West Africa. The issues of monetary coordination, foreign exchange volatility, taxation, savings and macroeconomic convergence are investigated from a regional perspective. The characteristics of West Africa's trade policy are reviewed and assessed in comparison to those of the Southern African Development Community (SADC). The extent to which regional integration can tackle the challenge of unemployment is the focus of studies on labour markets. Development of the private sector and coordination of regional cross-border transportation are examined through the lens of economic collaboration between Arab and African countries. The book provides fresh new answers to persistent development questions and sheds new light on long-held views that are either incomplete or no longer true. It also opens new perspectives on the search for sustainable avenues for Africa's development. In this regard, it may contribute to the emergence of a new paradigm on Africa's development process and its science-based, policy-oriented implementation

PART I: PERSPECTIVES 1. Introduction PART II: RAISING SOME CONCEPTUAL ISSUES 2. A Global Model of Very Long-Term Economic Development / DierySeck 3. The Role of Institutional Factors in the Modeling of Economic Growth and in Policy Formulation in Africa / Oladele Omosegbon PART III: TRADE, THE EXTERNAL SECTOR AND ECONOMIC GROWTH IN AFRICA 4. How Effective Are Exports Incentives? Analysis of Developing Countries' Experience with Implications for Sub-Saharan Africa / Kezia Mulugutu Kabugho 5. Appraising Employment and Export-led Industrialization in Post-Reform Nigeria / Ndubisi Nwokoma and Nnamdi Nwokoma 6. Can Africa Develop Through Trade in the Current Global Economy with Large Trading Blocks? / Aloysius Ajab Amin, Tharcisse Ntilivamunda, and Mouhamadou Bamba Diop 7. The Impact of Increasing Non-Agricultural Market Access on EU Demand for Imported Fish: Implications for Lake Victoria Chilled Fillet Exports / Andrew Muhammad 8. Evidence of Debt Overhang and Economic Growth: Implications for African Development / William A. Amponsah and Krishna Kasibhatla 9. Is That a Dragon or Elephant on Your Ladder? The Potential Impact of China and India on Export-Led Growth in African Countries / Mwangi wa Gĩthĩnji PART IV: SECTOR-SPECIFIC APPROACH TO ECONOMIC DEVELOPMENT 10. Service-Sector as an Engine of Growth: A Case of the ECOWAS Sub-Region / Dipo Busari 11. The Impact of Tourism on Economic Performance: Econometric Evidence from West Africa / Cyril Segun Ige and Gbadebo Olusegun Odularu 12. Liberalization of the Mining Sector in Ghana and Its Impact on the Economy: A Sociological Approach / Edward Opoku-Dapaah and Sylvain H. Boko 13. Telecommunications Infrastructure and Economic Growth: Evidence from Nigeria / Sheriffdeen Telia, Lloyd Amaghionyeodiwe, and Bolaji Adesoye 14. Telephone Demand and Economic Growth in Africa / Kwabena Gyimah-Brempong and John Agyei Kahkari PART V: FINANCIAL REFORM, PRIVATE INVESTMENT AND INDUSTRIAL DEVELOPMENT AS SOURCES OF GROWTH 15. Public-Private Capital, Employment and Economic Expansion: The Economic Role of the State in Cote d'lvoire / Bedia Aka 16. Two-way Linkages Between FDI and Domestic Factor: Evidence From Sub-Saharan Africa / Leonce Ndikumana and Sher Verick 17. Financial Reform and Investment in Africa: An Empirical Analysis / Mina Baliamoune-Lutz 18. Oil and Growth in Africa: A Comparative Analysis / Afeikhena Jerome, Dipo Busari, and Senyo Adjibolosoo 19. Industrial-led Development in Africa: Towards a Policy Framework / 0lu Ajakaiye and Howard Stein 20. Sources of Growth in Rwanda and Benin Using Four Different Complementary Approaches / Kalamogo Coulibaly and Toussaint Houeninvo

This volume presents papers on the economics of reform in sub-Saharan Africa presented at a conference in Nairobi in June 1990. It is divided into eight broad and interrelated topics that matter in African economic reform: exchange rate policy, parallel markets, fiscal deficits and expenditure policy, financial sector policy, trade policy, regional integration, human capital and entrepreneurship, and growth oriented adjustment. (DÜI-Hff)