As the example of South-East Asia and other emerging markets has again demonstrated, a premature adoption of an overly rigid fixed exchange rate regime by transition countries is fraught with risks. Therefore, the countries of Central and Eastern Europe will have to adopt a gradual, step-by-step policy of approaching the definitive commitment EMU requires.
It should be an achievable goal for Namibia to reach international standards in all these areas. Although it is difficult both theoretically and empirically to establish a clear relationship between growth and income inequality, this is a problem that must be addressed within a comprehensive growth strategy.