How Macroeconomic Policy Can Support Economic Development in Sub-Saharan African Countries

James Heintz
Additional contact information
James Heintz: University of Massachusetts

Chapter 4.1 in The Industrial Policy Revolution II, 2013, pp 201-215 from Palgrave Macmillan

Abstract: Abstract Conventional wisdom has generally held that macroeconomic policy should create an enabling environment for industrial policy and should also maintain conditions which facilitate the structural transformations necessary for economic development. This includes a number of components: keeping exchange rates at levels that support, rather than undermine, industrial development; adopting monetary policies which maintain price and financial stability while insuring the availability of credit for productive investment; providing complementary public investments; and making sure that tax policies promote economic development. After macro policies set the scene, the interaction between macroeconomic and industrial strategies is fairly limited. Industrial policy manages the details of economic development within the environment and boundaries determined by macroeconomic management.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Money Supply; Public Debt (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33523-4_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137335234

DOI: 10.1057/9781137335234_8

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().