By Saleh M. Nsouli
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Additional resources for New Partnership for Africa's Development: Macroeconomics, Institutions, and Poverty
A fundamental finding is that an increase in trade volumes tends to lead to higher growth rates. Using firm-level panel data from three sub-Saharan African economies, Mengistae and Pattillo (2002) provide evidence that higher exports can lead to positive productivity effects through learning by exporting. Cross-country studies and studies from country-specific liberalization periods suggest that the benefits of trade liberalization accruing to the poor are, on average, roughly equal to the benefits accruing to an average person (see also Dollar and Kraay, 2001a and 2001b; Srinivasan and Bhagwati, 2002).
1Index from 0 to 10, with the higher score indicating a better quality. Data are averages for the 1990s. For all groupings, data are unweighted averages of economies for which information is available. Indicators have been rescaled. 2The newly emerging economies include Hong Kong SAR, Republic of Korea, Singapore, and Taiwan Province of China. 3Botswana, Mauritius, Mozambique, Uganda, and Tunisia. 4Democratic Republic of Congo, Djibouti, Sierra Leone, Zambia, and Zimbabwe. NORBERT FUNKE AND SALEH M.
At the same time, the framework document identifies areas that should be fast-tracked, namely, communicable diseases (especially HIV/AIDS, malaria, and tuberculosis); information and communication technology; debt reduction; and market access (NEPAD, 2001, p. 54). In addition, the recent progress report to the HSIC further identifies toppriority actions, such as the implementation of the African Peer Review Mechanism (APRM) and the integration of NEPAD’s principles into national development goals (NEPAD, 2002d).