Research AreasAfrican Development PolicyTraining ProgramCourse Descriptions

African Policy Summer Institute: Course Descriptions

1. Illicit financial flows and development financing

This course discusses the problem of illicit financial flows and policies to achieve sustainable and responsible external borrowing, financial stability, “financial justice,” and transparency in the global financial system. It covers the following topics:

> Illicit financial flows: typology, scope, magnitudes, actors and channels

> Capital flight from African countries and its impacts:

>> Definitions, measurement and causes of capital flight
>> Capital flight and external debt: strategies to seal the “revolving door”
>> Strategies to promote responsible borrowing and lending from the lender and borrower side; implementation of national debt audits.
>> Impact of capital flight on macroeconomic performance, social development, and distribution of wealth and power.
>> Policies to prevent of capital flight, and strategies for stolen assets recovery.

> Tax evasion: nature of the problem, magnitude; costs to African economies; solutions at national and global level

> Illicit flows from and to safe havens (secrecy jurisdictions): the problem, global initiatives, national strategies

2. Natural resources, the environment and green growth 

The course discusses strategies to improve natural resource management and achieve green growth from an African perspective. The course covers the following topics: 

> Natural resource management and economic transformation in Africa

>> Managing macroeconomic effects of natural resource booms
>> Improving governance of natural resource management
>> Strategies for sustainable investment in natural resource 

> Green growth: challenges, opportunities and strategies

>> Understanding policy implications of the green economy as a new paradigm
>> Sustainable Consumption and Production (demand-side Management)
>> Managing technological change, transition to green energy and eco-efficiency
>> Sustainable livelihoods and green growth
>> How to capitalize on technological change to achieve sustainable food security 
>> Financing green growth: tapping innovative development finance; strategies at national and global level. 

3. Macroeconomic policy for inclusive growth, employment creation, and poverty reduction  

This course presents practical strategies for designing fiscal and monetary policies to achieve growth, employment creation and poverty reduction in African countries. The class covers the following topics:

> Pro-poor fiscal policy; its potential and limitations  

> Designing flexible and employment/growth oriented macroeconomic policies 

> Deficit financing and debt sustainability  

> Exchange rate policy and management of capital flows

> Common currency areas: the CFA zone and others 

> Strategies for domestic resource mobilization

> Policies to stimulate private sector development  

> Strategies to increase access to finance and inclusive growth 

> Promoting gendered macroeconomic policy 

4. Labor markets, population dynamics and household welfare  

This course discusses strategies for addressing unemployment in the formal and informal sectors to improve household welfare. The course covers the following:

> Structure of employment and composition of the population in African economies  

> Strategies to facilitate the transition of labor across sectors and economic transformation

> Addressing youth unemployment and its causes 

> Promoting living wage policies  

> Design and implementation of gendered labor market policies

5. Growth, inequality and poverty   

This course discusses strategies for increasing equitable growth in African countries focusing on the growth-inequality-poverty triangle. The course covers the following topics:

> Alternative theories and approaches to analyzing the binding constraints to economic growth in Africa, with country case illustrations

> Growth-inequality-poverty nexus: linkages between growth and poverty; the impact of inequality on the growth-poverty nexus; design of macroeconomic, financial, and labor market policies for promoting equitable growth 

> Designing policies to address poverty in rural and urban areas  

> Gender dimensions of growth, inequality and poverty

> Aid and growth: strategies for increasing aid effectiveness, sustainability, equity implications

6. Macroeconomic policies and aid management in post-conflict and fragile countries  

This course examines strategies to increase the effectiveness of development assistance in fragile states, including aid allocations processes (especially performance-based allocation). The course covers the following:

> State fragility; graduation from fragility and its implications  

> Designing fiscal policy for state building in fragile states

> Strategies for institutional reforms and state building in fragile states  

> Strategies to strengthen country systems in line with the Paris Declaration

> Evaluation of effectiveness of aid allocation and utilization in fragile states  

> Strategies to address challenges faced by women and the youth in post-conflict recovery situations 

> Strategies to deal with HIV/AIDS and other health emergencies in conflicts and post-conflict settings.

7. Financial sector management, inclusive finance and poverty reduction  

This course discusses policies to stimulate financial sector development and to promote inclusive finance for poverty reduction. The course covers the following themes:

>  Financial sector policies for promoting investment and employment creation  

> Designing central banking as a means to promote development financing

> Strategies to promote inclusive finance and poverty reduction  

> Financing private sector development, employment and poverty reduction

> Instruments and policies for financing small and medium enterprises (SMEs.  

> Strategies to reinvigorate development banks and their role in resource mobilization and private sector financing

> Strategies for financial integration – challenges and opportunities   

> Managing expectations from global banking regulation standards in relation to national development goals.

8. Sectoral policies for growth, economic resilience, and poverty reduction

This cluster of courses discusses sectoral strategies for increasing economic resilience and poverty reduction. Two courses are described below.  

A. Private sector development policies and strategies

> Private sector development and inclusive growth  

>> Financing private sector development: SME financing; Public-Private partnerships; innovative financing sources

> Strategies to improve the regulatory framework for private sector development 

> Gendered private sector development

> Private sector development and international competition; special focus on the “emerging new partners” – challenges and opportunities  

B. Agriculture sector development policies   

> Strategies to increase technological progress and productivity in agriculture

> Agriculture and economic transformation

> Land policy and other institutional issues  

> Strategies to achieve food security

> Strategies to increase market access for Africa’s agricultural products.  

> Financing agriculture development 

9. Africa and the global policy architecture

This course reviews developments in the global policy arena and discusses the implications for Africa’s development and for the continent’s integration in the global economy. The following themes are explored:  

> Globalization of policy making and the implications for Africa’s representation

> Africa’s voice in the global governance bodies  

> International aid architecture, aid coordination, emerging new donors

> Africa’s voice in global emerging issues: climate change and the environment; regulation of the global financial system