you're reading...

Current account balance and fiscal balance for Africa

Current account balance and fiscal balance for Africa

Current account balance and fiscal balance for Africa

Many
industries were unsustainable and were abandoned during the difficult economic
period in the 1980s and 1990s, leaving many African countries crippled by debt. In response to these economic problems, a series of political measures were taken that
finally renewed growth: liberalisation of agricultural markets; closure or privatisation of
state-owned companies; opening to international trade; reduction of external debt;
and improvement of the current account balance, either through sound
macroeconomic policies or external aid, including debt cancellation. The growth of the
services sector also played a major role.

« Previous Next »

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: