The debt crisis and declining living standards require careful husbanding of critically scarce foreign exchange in most African countries. But economic theory suggests that smaller countries, which import from only a few international suppliers and cannot support competitive markets and infrastructure, would be likely to pay more, rather than less for imports. Analysis of import unit values for 1962-87 shows that the twenty African former French colonies...
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1990/01/31
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Journal Article
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9466
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1
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1
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2010/07/01
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Disclosed
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Do African countries pay more for imports? Yes
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Steel
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Citation
Yeats,Alexander James.
Do African countries pay more for imports? Yes (English). Washington,DC : The World Bank. http://documents.worldbank.org/curated/en/187171468768546428