Skip Navigation

This Article
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Corbo, V
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

J Af Eco 1998; 7:169-207
© 1998 Centre for the Study of African Economies

Article

Some lessons for Africa from the recent reforms in Latin America

V Corbo

Catholic University of Chile

Abstract

This paper reviews the recent Latin American experience with policy reforms and then goes on to draw lessons for Africa. The lessons apply to both macroeconomic and micro-institutional reforms. On the macroeconomic side it concludes that it is important to achieve and maintain macroeconomic stability through appropriate fiscal and monetary policies. On the micro-institutional front, an area where returns should be very high in Africa, the paper emphasises the importance of creating and strengthening the type of institutions required to promote a competitive market economy. But this is not all; in the African environment a special effort should be made to improve the integration to the world economy, to rehabilitate physical and social infrastructure, to improve the provision of social services; and to remove impedients to the expansion of private investment.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.