, 19 December 2016

The 2008 crisis led to growing tensions on trade. In this video, Faizel Ismail discusses the importance for African countries to build a comprehensive regional integration project. This video was recorded at the UNU-WIDER Development Conference in September 2016.

Peter Draper, Gilberto Biacuana, 27 November 2009

Africa has been hard hit; its export revenue collapsed as both prices and volumes of commodity exports dived, and capital inflows shrunk. National budgets were hit as tariff revenue fell with imports and overseas development assistance slumped. Developed countries’ responses to the crisis have fed a growing backlash against the Washington Consensus, but major reversals of reforms seem unlikely. African policy makers tend to see the crisis as a temporary setback and are adopting coping strategies that reflect that view.


CEPR Policy Research