Impact of declining commodity prices on Africa's capacity to service debt : a general framework for analysis
Author(s)/Corporate Author (s)United Nations. Economic and Social Council;
United Nations. Economic Commission for Africa;
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This paper attempts to lay down a general framework for analyzing the impact of declining commodity prices in the 1980s and the associated heavy dependency on exports of primary products has had on African countries. More importantly, on these countries" capacity to service their external obligations. In other words, if commodity prices had remained stable during this period and the African economies" export base more diversified, would the continent have been in a better position to service its external obligations.