Macroeconomics

An Encyclopedia of Macroeconomics by Brian Snowdon

By Brian Snowdon

The Encyclopedia of Macroeconomics is an authoritative and worthy reference resource on macroeconomics which embraces definitions of phrases and ideas, conflicting ideological techniques and the contributions of significant thinkers. complete in scope, it comprises over three hundred brief entries and greater than a hundred in particular commissioned major entries from an across the world well known crew of students.

The alphabetically ordered entries should be priceless either as a uncomplicated reference resource and a provocative stimulus for additional examining. The Encyclopedia will quickly be validated as a number one reference resource on macroeconomics that might either enlighten scholars and be hugely valued by means of students and academics of economics.

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3 per cent in 2004. 4 per cent); trade deficits also widened in Djibouti, Ethiopia, Kenya and Uganda. 2 per cent in 2005. 1 per cent in 2004, as a result of rising oil production and prices and of increased diamond production. The trade balance worsened in all other Southern African countries, except in Mozambique, where it marginally improved in 2005, thanks to buoyant aluminium exports. Nevertheless, a new wave of mega-projects will lead to a strong increase in capital goods imports and a slight deterioration of the balance of trade in 2006 and 2007.

Although there are important country-to-country variations, and some sub-sectors – notably air transport – have recorded considerable progress, operational inefficiency, technological dynamism and service to consumers remain poor, while prices are high compared with per capita incomes. Numerous opinion surveys show that poor people view isolation as a major factor contributing to their poverty and marginalisation. Deteriorating transportation infrastructure limits development opportunities outside of concentrated © AfDB/OECD 2006 Overview urban centres.

4 per cent of African countries are likely to meet the target. Millions of children are still out of school and more than half of them are girls. All North African countries have already reached at least 90 per cent of primary school enrolment as well as Seychelles, Cape Verde, Mauritius, South Africa, São Tomé and Principe and Togo. Some other countries are making outstanding progress and have increased the primary enrolment rate by more than 60 percentage points (the Gambia, Guinea and Mauritania) between 1990/91 and 2002/03.

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