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Africa needs to take control over its own development strategy through a participatory and coordinated approach that involves a more effective mobilization and use of domestic financial and non-financial resources, the development of innovative and dynamic partnerships, and improved governance at both the national and multilateral levels. Better governance requires enhanced transparency, sound management of resources and a stable economic and regulatory environment.Recommendations on how to enhance the effectiveness of the UN system and multilateral institutions to support participatory development in Africa are discussed. These include the need to address coordination failures and the… Download
Part I. State of the World Economy Part one of the World Economic and Social Survey 2001 chronicles how the very positive developments in output and international trade, with reasonably buoyant levels of international finance for emerging markets for the first half of 2000, turned into retrenchment. The ongoing downturn in the business cycle in developed countries has been unusual in a number of respects when contrasted with previous downturns in the post-war period. Part II. A Globalizing World: Risks, Vulnerability and Opportunity Part two of World Economic and Social Survey 2001 looks at some examples of vulnerability in the context of globalization, with the discussions focusing on how… World Economic and Social Survey 2001