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5.1 Macroeconomic stance is crucial to diversification outcomes: Economic Report on Africa 2007
An important aspect of the diversification debate and of Africa’s experience has to do with the role that macroeconomic policy plays. This has also been investigated at the continental level in the results that are presented in table A5.1. Two important indicators of macroeconomic stability, depending on the macroeconomic policy in operation, are inflation and real effective exchange rates and these are found to be among the most critical determinants of diversification outcomes in Africa.

Other critical determinants Related Articles

Overview VIII: Economic Report on Africa 2007
Evidence on the determinants and stages of diversification
3.0 The African Entrepreneur Personal Traits: Entrepreneurs and entrepreneurship in Africa
More than twenty personal traits of entrepreneurs have been linked to entrepreneurial success in Africa (LeVine, 1966; Benedict, 1979; Frese, 2000), and elsewhere (Stewart, 1996). Debate continues as to whether psychological variables, socio-demographic factors or external factors are the best determinants of entrepreneurial behavior and performance (Frese, 2000; Buame, 1996).

Managing Credit Risk in Microlending Operations
One of the most important determinants of a successful microlending operation is the successful management of credit risk. Or, more simply, keeping loan delinquencies to an acceptable level.

5.1 Macroeconomic stance is crucial to diversification outcomes: Economic Report on Africa 2007
An important aspect of the diversification debate and of Africa’s experience has to do with the role that macroeconomic policy plays. This has also been investigated at the continental level in the results that are presented in table A5.1. Two important indicators of macroeconomic stability, depending on the macroeconomic policy in operation, are inflation and real effective exchange rates and these are found to be among the most critical determinants of diversification outcomes in Africa.
5.2 Diversification-deepening policies raise growth and TFP: Economic Report on Africa 2007
What then do these results imply? They mean that pursuing diversification-deepening policies could help accelerate growth. Important policy implications of this link arise with respect to the determinants of diversification that were discussed earlier in the chapter.
5.3 Conclusion: Economic Report on Africa 2007
This chapter has shown that there are clear and measurable determinants of diversification in Africa at the continental, subregional and country level. Despite the inadequacy of African data, it may be said that, at least at the continental level, the diversification process is highly influenced by investment, per capita income, level of openness, macroeconomic policy stances, governance, and conflict.
Empirical Evidence: Does Human Capital Matter?
Although the theoretical literature on FDI presumes human capital to be among the key ingredients of inward FDI (Dunning, 1988; Lucas, 1990; and Zhang and Markusen, 1999), there are only few cross-country analyses done to identify the determinants of inward FDI in developing countries.
Getting Along with Critical People
We can all be critical. Every day, we literally critique everything that goes on around us consciously and unconsciously. Unfortunately, some people tend to verbalize the thoughts many of us have learned to keep to ourselves. When things don't go our way or we're in a bad mood it is easy to become critical. It's true, miserable people prefer miserable company. Critical people actually feel better around others who share the same negative attitudes. Before we spend time learning how to cope with other people's critical traits let's make sure we have our own well under control. It can be quite challenging to get along with a critic, especially when we live, work or attend church with them. Here are 10 tips to help you get along better with critical people.
Do You Know Your Breakeven
It is critical that all business know their breakeven point and it is even more critical today.
Customer retention, engagement remain top challenges for 2012
Marketers are at a very critical juncture. Customer loyalty, versus acquisition, is critical for driving sustainable growth. Yet, businesses report that retaining and engaging customers remains one of their greatest challenges.

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