This book explores whether the world economy is breaking up into regional trading and currency blocs centred on the European Community, Japan and the United States. Frankel uses trade, investment and financial data to assess this issue. He concludes with an analysis of how trends in regional economic integration can be used as building blocks for a stronger multilateral system.

Regional Trading Blocs in the world economic system, reseñado por Antonio Ortiz-Mena L.N.

An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries?

textabstractIn Dutch: Naar een Nieuwe Wereldeconomie: voorstellen voor een internationaal economisch beleid, Rotterdam University Press, Rotterdam, 1965, XV + 335 p.\nIn Spanish: Hacia Una Economia Mundial: sugerencias para una politica economica internacional, Series Biblioteca de Economia No.7, Orbis, Barcelona, 1985, 242 p.

Shaping the World Economy. Suggestions for an International Economic Policy. By Jan Tinbergen. New York: The Twentieth Century Fund, 1962. pp. xvii, 330. Index. 4.00, cloth.

Part A - Nkrumah and his Immediate Successors, 1960-72 1. Introduction 2. Development, Disequilibrium and State Interventionism 3. The Economic Strategies of Nkrumah and his Successors 4. Domestic Economic Performance in the 1960s 5. External Performance: The Foreign Exchange Constraint and its Causes 6. Planning, Saving and Economic Management 7. Modernization without Growth 8. The Unbalanced Growth of Agriculture and Industry 9. The State as Entrepreneur 10. The State as Controller 11. After Nkrumah: Interpretations of Policies, 1966-72 12. Lessons Part B - The Record since 1972 13. From Implosion to Boom, 1972-2008 14. Structural Change 1970-2008 15. Forces for Change 1983-2008

Development Economics in Action. A Study of Economic Policies in Ghana.

It has generally been argued that regional trade agreements (RTAs) among developing countries may induce potential adverse effects on trade patterns among RTA members and between them and third countries. Using an expanded gravity model this paper estimates for a number of regional trade arrangements among developing countries the gross trade creation and diversion effects resulting from RTA formation. This paper brings evidence in favor of the idea that South-South RTAs, and African RTAs in particular, are not more trade diverting than other RTAs. This evidence suggests that increased trade with both regional partners and third countries in the case of South-South RTAs might be explained by the removal of “invisible” trade barriers as a result of trade facilitation measures favored by RTA formation.

ASSESSING REGIONAL TRADE ARRANGEMENTS: ARE SOUTH–SOUTH RTAs MORE TRADE DIVERTING?

This paper chronicles the evolution of industry in Ghana over the post-independence era from an inward over-protected import substitution industrialization strategy of 1960-83 to an outward liberalized strategy during 1984-2000, and since 2001, to the pri

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Scoping study on the evolution of industry in Ghana

This article investigates the effect of financial development on the social costs of financial intermediation across a large number of banks in Africa. The study distinguishes between countries tha...

Financial Development and the Social Cost of Financial Intermediation in Africa

This paper on Trade Agreements within SSA, is an assessment of the ex post bilateral trade effect of the European Union-African Caribbean Pacific Preferential Trade Agreement (EU-ACP PTA) and sub-regional regional trade agreements (RTAs) on bilateral trade involving SSA countries. The main objective is to find out if EU trade preferences and regional trade agreements within SSA had increased trade flows. Estimating a gravity model augmented with measures of trade agreements, the paper made use of bilateral trade flows and key gravity covariates from CEPII database on 73 countries (48 SSA and 25 EU countries) over the period 1960-2006. After controlling for the endogeneity of the trade agreement dummy, accounting for multilateral price resistance and zero-valued trade flows, the findings indicate that the EU-ACP PTA and RTAs within ECOWAS and SADC have a positive and significant impact on bilateral trade involving SSA countries. In some cases the relative impact of the sub-regional RTAs was found to be stronger than the EU-ACP non-reciprocal PTA. The results therefore indicate the need for developing countries especially within SSA to focus on expanding and integrating regional markets in order to significantly improve trade performance.

https://www.econstor.eu/bitstream/10419/65446/1/725573686.pdf

Trade agreements and bilateral trade in sub-Saharan Africa: Estimating the trade effects of the EU-ACP PTA and RTAs

Within the developing world, especially Sub-Saharan Africa (SSA), informal (small and medium) enterprises’ (SMEs) access to financing has been extremely limited mainly because of the reluctance of ...

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The role of formal and informal finance in the informal sector in Ghana

This paper argues for the need to improve logistics and trade infrastructure in developing countries in order to increase trade flows. Based on a multiplicative form gravity regression framework, this paper assesses the impact of logistics on bilateral exports in developing countries. The logistics augmented gravity model estimations incorporating heterogeneity indicate that logistics impacts positively on bilateral trade in developing countries. With regards to the individual measures of logistics, the ease and affordability of shipping and timeliness had the greatest and least impact on bilateral exports respectively. Domestic logistics costs were however not significant in explaining bilateral trade flows. The evidence also shows asymmetries within country groups. Logistics at the destination was more important for primary commodity exports, at the origin more important for the export of oil/gas and manufactures and in developing countries more important for exports to high income countries. The evidence also indicates customs efficiency and timeliness as more important for trade in low income countries. Other explanatory variables such as economic size, distance, tariffs and country characteristics were found to be important determinants of trade involving developing countries.

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Festus Ebo Turkson

Papers

Scoping study on the evolution of industry in Ghana

Financial Development and the Social Cost of Financial Intermediation in Africa

Trade agreements and bilateral trade in sub-Saharan Africa: Estimating the trade effects of the EU-ACP PTA and RTAs

The role of formal and informal finance in the informal sector in Ghana

Logistics and bilateral exports in developing countries: A multiplicative form estimation of the logistics augmented gravity equation