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Economic Crisis in Africa : Perspectives on Policy Responses - Magnus Blomstrom

Economic Crisis in Africa

Perspectives on Policy Responses

By: Magnus Blomstrom (Editor), Mats Lundahl (Editor)

Hardcover Published: 22nd July 1993
ISBN: 9780415096294
Number Of Pages: 353

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The devastating images of famine and drought victims from sub-Saharan Africa represent only the most visible signs of the intense economic crisis facing the entire region. "Economic Crisis in Africa" presents an overview of the situation and examines the feasibility of current policies while suggesting long-term objectives.
The book first presents an overall view of the African crisis as illustrated in cross-country studies of Tanzania and Kenya. It examines problems of trade liberalization by contrasting the relative success of Zimbabwe and Botswana with the failure of Lesotho in implementing an adjustment policy and the prevalence of "Dutch Disease" in Zambia. Case studies from Uganda, Guinea-Boisseau, and the failure of central state control over the Congolese economy represent a micro perspective on the African crisis and adjustment. Finally, the authors outline the changes in economic systems which took place during the 1980s and analyze the likely success of new policies. They present these analyses in the context of Angola, Tanzania, the specific urgency of reform in Ethiopia, and the magnitude of the task facing South Africa.

Prefacep. xiii
Introductionp. 1
Crisis and Crisis Managementp. 19
Trade Compression and Economic Decline in Sub-Saharan Africap. 21
Understanding Structural Adjustment: Tanzania in Comparative Perspectivep. 41
Regulations versus Price Reforms in Crisis Management: The Case of Kenyap. 61
Referencesp. 74
Reducing the Debt Burden of Sub-Saharan Africap. 75
Problems of the External Sectorp. 99
Trade Liberalization: The Zimbabwean Wayp. 101
Referencesp. 117
Structural Adjustment and Economic Management in a Dependent Economy: The Case of Lesothop. 118
External Shocks and the Search for Diversification in Zambiap. 143
Dutch Disease and Management of Windfall Gains in Botswanap. 162
The Micro Levelp. 179
Urban Bustle/Rural Slumber: Dilemmas of Uneven Economic Recovery in Ugandap. 181
Appendixp. 200
Guinea-Bissau: Impact of the Structural Adjustment Programme on the Welfare of Small-Holder Farmersp. 202
Afro-Marxism and Its Disastrous Effects on the Economy: The Congolese Casep. 219
Economic Reforms and System Reformsp. 247
Angola on the Verge of Economic Reformsp. 249
Economic Recovery under Institutional Constraints: Tanzania Facing the Economic Crisisp. 268
Referencesp. 286
Ethiopia: Away from Socialismp. 288
Macroeconomic Stagnation and Structural Weaknesses in the South African Economyp. 322
Indexp. 344
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415096294
ISBN-10: 0415096294
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 353
Published: 22nd July 1993
Country of Publication: GB
Dimensions (cm): 24.08 x 16.26  x 3.2
Weight (kg): 0.72
Edition Number: 1