- A POST-KEYNESIAN APPROACH TO THE TRANSITION PROCESS
INTRODUCTION The Post Keynesians argued against rapid, radical, and far-reaching economic reforms in transition economies. They proposed a stabilization package with gradual liberalization and government intervention simultaneously with the establishment of a state-produced institutional structure. This transition model is rendered quite distinct by its incorporation of Post Keynesianism as the ......
- Nigeria: Obasanjo gambles with economy
At the beginning of March this year, Nigeria ended informal talks with the IMF `in the interests of political stability, democratic consolidation, credibility and accountability'. Finance Minister Adamu Ciroma issued a statement saying that the country did not `wish to continue with arrangements where only narrowly defined macro-economic considerations come ......
- MEXICO RECEIVES CREDITS OF US$23.7 BILLION TO
STABILIZE ECONOMY BEFORE 2000 PRESIDENTIAL & CONGRESSIONAL
ELECTIONS.
In mid-June, Finance Secretary Jose Angel Gurria Trevino announced that the Mexican government had obtained US$23.7 billion in international credits and refinancing to protect the country from financial turmoil during and immediately after the 2000 presidential and congressional elections. The package of credits, which Gurria referred to as "economic armor," ......
- YEMEN - The Economic Base
The Yemeni economy has made a rapid recovery after the 1994 war. In 1990-94 it had been hit by the impact of reunification and the fall-out of the Gulf crisis, during which Sanaa was seen as sympathetic to Saddam Hussein. A critical factor in Yemen's economic recovery has been the ......
- The pace hots up
HEADNOTE Privatisation in Africa HEADNOTE While the rest of the developing world was busy privatising state-owned enterprises and reaping handsome rewards, Africa was dithering. Fortunately, the trend has now definitely changed and the pace of privatisation is gathering momentum. Rafiq Ahmed reports. Privatisation, a world-wide phenomenon, forms the centre piece ......
- Egypt's Political Leadership - Nazif's Govt.& Socio-Economic Reforms.
A World Bank report in September 2007 said the climate for doing business in Egypt in 2006 had improved more than in any other country. The report revealed a wave of company-oriented reforms across the Middle East. In the World Bank's rankings, which looked at business regulations, Egypt in 2006 ......
- Banking reform in transition
economies.
Countries making the transition to a market economy have pursued a variety of approaches to banking reform. To become globally competitive, however, transition economies will need to accelerate bank privatization and the reform of bank management and governance. The former centrally planned economies of Central and Eastern Europe, and the ......