Omotunde E. G. Johnson Books

Focusing on financial sector development, this book explores key areas such as the money market, payment systems, and capital markets, while addressing regulatory strategies and financial inclusion. It advocates for African nations to enhance the social efficiency of their foreign exchange markets, balancing economic growth with fair income distribution. Additionally, it examines the aspirations of certain African countries to establish robust financial systems capable of becoming international finance hubs, discussing the related policy implications.

This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development.