Abstract
In the preceding chapters, the trade and finance problems of Africa were examined from both theoretical and empirical angles. In this chapter, I will attempt to locate these problems within a global economy context. This is important for two main reasons. Firstly, it helps one to identify the position of Africa within the world economy. Secondly, it allows one to assess the extent to which Africa’s entry into the world economy represents an obstacle to development efforts being undertaken in that continent. This exercise will be formally undertaken using the increasingly popular methodology of modelling North-South economic interaction. Notwithstanding the proliferation of such models, the modelling of the South remains, at best, rudimentary. Indeed, almost no examples of North-South models focusing specifically on Africa have been developed to date.1
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© 2002 Institute of Social Studies
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Geda, A. (2002). Modelling Africa Within a Global Economic Framework. In: Finance and Trade in Africa. International Finance and Development Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230502543_6
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DOI: https://doi.org/10.1057/9780230502543_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-43013-0
Online ISBN: 978-0-230-50254-3
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