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This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development. Omotunde E. G. Johnson received his PhD in Economics from the University of California, Los Angeles, USA, in 1970. He has taught at universities including the University of Sierra Leone and the University of Michigan, USA, and was International Monetary Fund staff member for more than 25 years. He was Visiting Research Fellow at the Centre for the Study of African Economies and Senior Associate Member at St Antony's College, Oxford University, UK. He has published many articles in academic journals, including the Journal of Law and Economics, Journal of Money Credit and Banking, World Development, Kyklos, Journal of Policy Reform, and International Monetary Fund Staff Papers.

Economic policy. --- Development economics. --- Economic growth. --- Economics. --- Economic Growth. --- Economic Policy. --- Development Economics. --- Economic policy --- Economic development --- Africa --- Economic conditions. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- economic growth --- economic development --- economic policy --- politika ekonomike --- økonomisk politik --- majanduspoliitika --- hospodárska politika --- hospodářská politika --- política económica --- икономическа политика --- polityka gospodarcza --- ekonomikas politika --- ekonomisk politik --- Wirtschaftspolitik --- gazdaságpolitika --- talouspolitiikka --- economisch beleid --- οικονομική πολιτική --- beartas eacnamaíoch --- politică economică --- politica economica --- politika ekonomika --- ekonomska politika --- економска политика --- ekonominė politika --- politique économique --- wirtschaftspolitische Leitlinien --- ekonomisk inriktning --- hospodářské rozhodování --- escolha económica --- opzione economica --- gazdaságpolitikai elképzelések --- ekonomický prístup --- gestión económica --- gazdasági megközelítés --- orientamento economico --- taloudellinen lähestymistapa --- majanduslik lähenemisviis --- ekonomisk kurs --- gazdaságpolitikai döntés --- економски пристап --- ekonomiskt val --- obiettivo economico --- economische keuze --- opțiune economică --- Globalsteuerung der Wirtschaft --- qasje ekonomike --- wirtschaftspolitische Entscheidung --- gazdaságpolitikai iránymutatás --- choix économique --- orientation économique --- ekonominis pasirinkimas --- decisione economica --- orientação económica --- ekonomiskā izvēle --- økonomisk kurs --- ekonomický přístup --- стопанска политика --- økonomisk valg --- opción económica --- ekonomická volba --- ekonomiskā pieeja --- wirtschaftliche Zielvorstellungen --- οικονομική επιλογή --- obiectiv economic --- ekonomická politika --- economische koers --- metody řízení národního hospodářství --- ekonomická voľba --- ekonomski pristup --- taloudellinen valinta --- majanduslik valik --- zgjedhje ekonomike --- scelta economica --- economic approach --- οικονομικός προσανατολισμός --- ekonominis požiūris --- gospodarska politika --- economic choice --- taloudellinen kehitys --- wirtschaftliche Entwicklung --- majandusareng --- sviluppo economico --- economische ontwikkeling --- développement économique --- икономическо развитие --- ekonomski razvoj --- økonomisk udvikling --- hospodársky rozvoj --- żvilupp ekonomiku --- desarrollo económico --- dezvoltare economică --- zhvillim ekonomik --- rozwój gospodarczy --- gospodarski razvoj --- hospodářský rozvoj --- привредни развој --- desenvolvimento económico --- ūkio plėtra --- економски развој --- οικονομική ανάπτυξη --- ekonomikas attīstība --- gazdasági fejlődés --- ekonomisk utveckling --- οικονομική άνθηση --- auge económico --- wirtschaftliche Erholung --- hospodářský rozmach --- Verbesserung der Wirtschaftslage --- noususuhdanne --- hospodářský vzestup --- zlepšení hospodářské situace --- economic upswing --- Wirtschaftsaufschwung --- risanamento dell'economia --- milagre económico --- ekonomiskt uppsving --- ekonomikos pakilimas --- slancio economico --- ekonomický rozvoj --- vlucht van de economie --- раст на економијата --- majanduse kasv --- економски пораст --- økonomisk fremgang --- progres economic --- hospodársky rozmach --- tautsaimniecības attīstība --- ρυθμός οικονομικής ανάπτυξης --- tautsaimniecības uzplaukums --- sviluppo del mercato --- consolidamento dell'economia --- alza económica --- ekonomikos plėtra --- a gazdasági helyzet javulása --- ngritje ekonomike --- økonomisk opgang --- раст на економската активност --- hospodářská konjunktura --- ekonomiskais uzplaukums --- essor économique --- Wirtschaftswachstum --- ekonomisk tillväxt --- ūkio augimas --- gospodarska rast --- crescimento económico --- taloudellinen kasvu --- wzrost gospodarczy --- hospodářský růst --- majanduskasv --- croissance économique --- tkabbir ekonomiku --- rritje ekonomike --- economische groei --- creștere economică --- crescita economica --- икономически растеж --- привредни раст --- fás eacnamaíoch --- hospodársky rast --- crecimiento económico --- ekonomski rast --- økonomisk vækst --- економски раст --- ekonomikas pieaugums --- οικονομική μεγέθυνση --- gazdasági növekedés --- vækstrate --- zero growth --- miera rastu --- expansiune economică --- prieaugis --- pieauguma temps --- creștere zero --- nulový rast --- boom economico --- нулти раст --- crecimiento cero --- espansione economica --- talouden laajentuminen --- növekedés üteme --- nullkasv --- nulvækst --- kasvuvauhti --- ekonomisk expansion --- οικονομική επέκταση --- nulgroei --- nollakasvu --- nulti rast --- Nullwachstum --- ritmo de crecimiento --- növekedés mértéke --- μηδενική μεγέθυνση --- hospodársky vzostup --- tillväxttakt --- ρυθμός οικονομικής μεγέθυνσης --- kasvumäär --- nulles pieaugums --- míra hospodářského růstu --- nolltillväxt --- taxa de crescimento --- ekonomický růst --- nulinis augimas --- growth rate --- crescita zero --- gospodarski rast --- економска експанзија --- expansão económica --- stopa rasta --- økonomisk ekspansion --- rată de creștere economică --- croissance zéro --- majanduse laienemine --- expansion économique --- tasa de crecimiento --- zgjerim ekonomik --- economische expansie --- ekonomická expanze --- rritje zero --- augimo norma --- taux de croissance --- economic expansion --- nulový růst --- crescimento zero --- Wachstumsrate --- οικονομική αύξηση --- Wirtschaftsexpansion --- tasso di crescita --- zéró növekedés --- стапка на раст

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This Palgrave Pivot begins with a broad focus on financial sector development as a whole, highlighting areas such as the money market, payment system, and the capital market, as well as issues such as regulatory strategy, capacity building of financial firms and service providers, and financial inclusion. In the area of foreign exchange market policies, the book argues that African countries should aim for social efficiency of the markets, which would include soundness of their foreign exchange systems, from an economic growth perspective, and fairness from an income distributional perspective. Finally, in recognition of the fact that some African countries desire financial systems that are strong enough to be international centers of finance, the policy-making implications of that ambition are discussed. This book will be of interest to scholars and students in development economics, finance, and money and banking, as well as policy-makers and practitioners. Further, international organisations and independent research organisations interested in economic development in general or financial system development issues will also find this book of value. Omotunde E. G. Johnson received his PhD in Economics from the University of California, Los Angeles, USA, in 1970. He has taught at universities including the University of Sierra Leone and the University of Michigan, USA, and was International Monetary Fund staff member for more than 25 years. He was Visiting Research Fellow at the Centre for the Study of African Economies and Senior Associate Member at St Antony’s College, Oxford University, UK. He has published a number of books and many articles in academic journals, including the Journal of Law and Economics, Journal of Money Credit and Banking, World Development, Kyklos, Journal of Policy Reform, and International Monetary Fund Staff Papers. His most recent book, published by Palgrave Macmillan, was Economic Diversification and Growth in Africa: Critical Policy Making Issues.

Economic growth --- Economic conditions. Economic development --- Developing countries: economic development problems --- Economics --- economie --- ontwikkelingssamenwerking --- economische groei --- Africa