Africa and the Global Financial Crisis

Africa and the Global Financial Crisis

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In this volume of the African Development Perspectives Yearbook series, the Research Group on African Development Perspectives investigates the impact of the Global Financial Crisis (GFC) on economic reform processes in Africa. The analysis is structured in such a way so as to reflect the opportunities and dangers of policy reversals in the face of the GFC. The impact of the crisis on different types and forms of governance in the region is considered. The first question is therefore which macro-economic policy instruments have to be applied in order to overcome the crisis and to continue with sustainable development. The second question is how the GFC has affected Africa's external economic relations and if the path of opening up to the world markets is to be continued. The third question raised is how the crisis has affected social cohesion, impacted poverty alleviation strategies and the achievement of Millennium Development Goals (MDGs). All these questions are discussed in the various contributions which comprise general studies and country case studies. The book also looks into the role of international financial institutions during and after the crisis. (Series: African Development Perspectives Yearbook - Vol. 15)Available data showed that between 5th March 2008 and 3rdApril 2009, the All Share index of the Nigerian Stock Exchange (NSE) dropped from 66, 370.2 to 19, 954.15 points: a decline of 69.94% injust one year. The decline (though at varyinganbsp;...

Title:Africa and the Global Financial Crisis
Author:Reuben Adeolu Alabi, Joy Alemazung, Hans H. Bass, Achim Gutowski, Robert Kappel
Publisher:LIT Verlag Münster - 2011


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