Economic Reforms Create Opportunities in Africa

• Published in: Management decision Vol. 30; no. 7; p. 61
• Main Author: Okoroafo, Sam C
• Format: Journal Article
• Language: English
• Published: London MCB UP Ltd 01.07.1992; Engineering, Chemical & Marine Press Ltd; Emerald Group Publishing Limited
• Subjects: American dollar; Budget deficits; Currency; Debt restructuring; Developing countries; Economic conditions; Economic growth; Economic reform; Export; Exports; Foreign exchange markets; Foreign exchange rates; Foreign investment; GDP; Gross Domestic Product; Growth rate; Impacts; International trade; Investments; Investors; LDCs; Nigeria; Objectives; Opportunity; Political risk; Politics; Tariffs; Tax rates; Tax reform; Trade restrictions; Zaire; Africa; Export; Foreign investment; Economic conditions; Zaire; Nigeria; Economic growth
• ISSN: 0025-1747; 1758-6070
• DOI: 10.1108/00251749210019432

Highlights economic reform policies recently instituted in a number of sub-Sahara African countries. The reforms have drastically transformed these economies: import restrictions have been removed; currencies′ values are now determined by supply and demand; state-owned firms are on the auction block. For international firms, there has never been a better time to invest. However, the old rules for analysing foreign markets still apply. Caution is still the watchword.