African Review of Economics and Finance (AREF)
    • COVID-19, Inequality, and Social Stratification in Africa

      Author: Franklin Obeng-Odoom

      Source: African Review of Economics and Finance, pp 3-20 (Volume 12 Issue 1, June 2020)

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      The global health emergency reflects systemic global inequalities central to which is social stratification in Africa. While existing analyses frame Africa as needy of global ‘help’, this editorial argues that whether in terms of the economics of inequality, pandemics, or recovery, Africa can tea... Read More

    • Interview with Professor Daniel W. Bromley, University of Wisconsin-Madison

      Author: FranklIn Obeng-Odoom and Daniel W. Bromley

      Source: African Review of Economics and Finance, pp 38-60 (Volume 12 Issue 1, June 2020)

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      This interview essay focuses on Daniel W. Bromley’s contribution to African economics and political economy. Centred particularly on his work on inequality, equality, and the institutional foundations of economic systems; economic development; and natural resources, which are Professor Bromley’s... Read More

    • Progress on poverty in Africa: How have growth and inequality mattered?

      Author: Augustin Kwasi Fosu and Dede Woade Gafa

      Source: African Review of Economics and Finance, pp 61-101 (Volume 12 Issue 1, June 2020)

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      The increasing focus on global inequality should not shift attention away from poverty. Together with growth, it is, perhaps, their interrelationships that require continuing focus. Using World Bank data, this paper, first, examines Africa’s record on poverty incidence, spread and severity since ... Read More

    • Household variation and inequality: The implications of equivalence scales in South Africa

      Author: Dorrit Posel, Daniela Casale and Erofili Grapsa

      Source: African Review of Economics and Finance, pp 102-122 (Volume 12 Issue 1, June 2020)

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      South Africa is an example of a developing country where there is substantial variation in household size and composition by income class and by race. However, inequality measures which are typically derived from per capita adjustments are insensitive to these variations. In this study, we estima... Read More

    • Persistent inequality in Guinea-Bissau: The role of France, the CFA Franc, and long-term currency imperialism

      Author: Mouhamadou Fallilou Ndiaye

      Source: African Review of Economics and Finance, pp 123-151 (Volume 12 Issue 1, June 2020)

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      Guinea-Bissau is among the world’s most unequal countries. Its use of the CFA currency, pegged to the euro and controlled by France, raises continuing concern. This paper investigates the impact of joining the C.F.A zone (1997) on Guinea-Bissau per capita GDP, fisheries capture, and rice yields. ... Read More

    • Rethinking the idea of independent development and self-reliance in Africa

      Author: Chibuzo N Nwoke

      Source: African Review of Economics and Finance, pp 152-170 (Volume 12 Issue 1, June 2020)

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      From the standpoint of this paper, a central problem of development in Africa is the fact that the very norm of development, as a people’s aspiration, is not conceived of at the African level, but at the international level, by institutions such as the World Bank and the International Monetary Fu... Read More

    • An analysis of financial inclusion in South Africa

      Author: Velenkosini Matsebula and Derek Yu

      Source: African Review of Economics and Finance, pp 171-202 (Volume 12 Issue 1, June 2020)

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      South Africa is notorious for numerous persistent economic problems of inequality, poverty and high unemployment. The country is simultaneously praised for a well-developed financial sector that provides a sophisticated array of financial products. Financial inclusion plays an important role to e... Read More

    • The measurement of decent work in South Africa: A new attempt at studying quality of work

      Author: Odile Mackett

      Source: African Review of Economics and Finance, pp 203-247 (Volume 12 Issue 1, June 2020)

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      The quality of work is central to the growing inequalities in Africa and the world. Central to concerns about the decline in ‘labour share’ is the notion of decent work. In 1999, the International Labour Organisation coined the term ‘decent work’. The purpose of the Decent Work Agenda was not onl... Read More

    • Comment on 'Poverty in Africa: How have growth and inequality mattered?'

      Author: John Mukum Mbaku

      Source: African Review of Economics and Finance, pp 248-256 (Volume 12 Issue 1, June 2020)

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      This comment examines the paper titled 'Progress on poverty in Africa: How have growth and inequality mattered?' (Fosu and Gafa, this issue of AREF). Although the authors have made good use of existing data to reveal various issues related to income inequality, economic growth, and poverty in Af... Read More

    • Reflections on comment by John Mbaku on 'Poverty in Africa: How have growth and inequality mattered?'

      Author: Augustin Kwasi Fosu and Dede Woade Gafa

      Source: African Review of Economics and Finance, pp 257-259 (Volume 12 Issue 1, June 2020)

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      Academic articles are hardly read these days. Engaging them carefully is a rare academic ritual. Commenting on them is almost an extinct practice, especially if the commentator is esteemed. Within this context, we very much appreciate the valuable commentary made by Dr. John Mukum Mbaku, a Brady ... Read More

    • Bouquets and brickbats along the road to development freedom and sovereignty: Commentary on 'Rethinking the idea of independent development and self-reliance in Africa'

      Author: Reginald Cline-Cole

      Source: African Review of Economics and Finance, pp 260-281 (Volume 12 Issue 1, June 2020)

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      This commentary reflects critically on the issues raised by ‘Rethinking the idea of independent development and self-reliance in Africa’ (Nwoke, 2020, this issue of AREF), which offers a timely reminder of the nature, scale and extent of reforms inherent in meaningful development regime change. I... Read More

    • Extraordinary times: Frank Stilwell and the study of inequality

      Author: Vishnu Padayachee

      Source: African Review of Economics and Finance, pp 282-292 (Volume 12 Issue 1, June 2020)

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      This essay reviews Frank Stilwell’s important new contribution to the academic and policy debate over the causes and consequences of growing inequality in contemporary capitalism, including in the Global South. Read More

    • Inequality, the pitfalls, and the promise of liberation in Africa

      Author: Edward Webster

      Source: African Review of Economics and Finance, pp 293-298 (Volume 12 Issue 1, June 2020)

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      South Africa is something of a paradox in the study of global inequality. In spite of the African National Congress (ANC), the leading force in the anti-apartheid movement, winning an overwhelming victory in the 1994 elections promising to end inequality in the world’s most unequal country and a ... Read More

    • From inequality to stratification: Obeng-Odoom's contribution to the study of inequality in Africa

      Author: Abdallah Zouache

      Source: African Review of Economics and Finance, pp 299-306 (Volume 12 Issue 1, June 2020)

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      Franklin Obeng-Odoom's book should be read, both by academics working in the fields of development economics, growth, international economics, socioeconomics, and institutionalism, and by non-economists devoted to Africa. I particularly recommend the book to students, particularly those studying ... Read More

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