oa South African Journal of Economic and Management Sciences - US trade and investment in Africa: what are the prospects for the 21st Century?
African countries considered in this study face many supply constraints and so lack the capacity to produce. Export promotion effort cannot be successful unless such constraints are removed. Transparency in governance, improvements in basic infrastructure and economic liberalization are some of the ways to remove such constraints. Direct private investment to accelerate economic expansion rather than exchange rate manipulations are needed before export promotion policy can be successful.
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