Africa in the international financial system

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Published
1993-09
Author(s)/Corporate Author (s)
Organization of African Unity;
United Nations. Economic Commission for Africa;
African Development Bank;
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Abstract
This situation has been made even more precarious by the collapse of export revenue as the main component of domestic revenue. Since the 1980s, the volume of export revenue has been diminished by such factors as capital flight arising from the manipulation of external trade transactions' by way of import over invoicing and export under-invoicing, losses occasioned by the deteriorating terms of trade or the devaluation of external reserves due to currency fluctuation.
Citation
“Organization of African Unity; United Nations. Economic Commission for Africa; African Development Bank (1993-09). Africa in the international financial system. UN. ECA Seminar on the South Commission Report (1993, Sep. 15 - 16 : Addis Ababa, Ethiopia). Addis Ababa :. © UN. ECA,. https://hdl.handle.net/10855/20775”
Conference
UN. ECA Seminar on the South Commission Report (1993, Sep. 15 - 16 : Addis Ababa, Ethiopia)
URI
https://hdl.handle.net/10855/20775
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