Globalisation, Adjustment and the Structural Transformation of African Economies? : The Role of International Financial Institutions
Under the auspices of the World Bank and IMF, for almost two decades, sub-Saharan African countries have implemented structural adjustment, an orthodox package of economic reform measures. During this period there has been an unprecedented proliferation of technology investment and trade in the world economy. However sub-Saharan Africa has performed poorly under adjustment and has been largely marginalized from the international economy. The paper investigates the problems with the theoretical model underlying structural adjustment policies to explain why the model is not conducive to either African development or Africa's increasing participation in the global economy. An example is used to illustrate the existence of an alternative set of policies that may be better suited for Africa
Year of publication: |
1999
|
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Authors: | Stein, Howard |
Publisher: |
[S.l.] : SSRN |
Subject: | Globalisierung | Globalization | Afrika | Africa | Wirtschaftliche Anpassung | Economic adjustment | IWF-Kredit | IMF lending | Systemtransformation | Economic transition | Entwicklung | Economic development | Strukturwandel | Structural change | Internationale Wirtschaftsorganisation | International economic organization |
Saved in:
freely available
Extent: | 1 Online-Ressource (31 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1999 erstellt |
Other identifiers: | 10.2139/ssrn.165812 [DOI] |
Classification: | O23 - Fiscal and Monetary Policy in Development |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014192524
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