Access the full text.
Sign up today, get DeepDyve free for 14 days.
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
518 JOURNAL OF AFRICAN ECONOMIES, VOLUME 3, NUMBER 3 The Politics of Economic Adjustment: International Constraints, Distributive Conflicts, and the State Stephan Haggard and Robert Kaufman (eds) Princeton University Press 1992, 356pp, 0-691-O4300-O (hardback), 0-691-00394-7 (paperback) The international economic shocks of the 1980s brought about changes in policy agenda with regard to debt in developing countries, causing international financial institutions (IFIs) to get involved, prescribing economic reform programmes. The World Bank and the IMF have strongly argued for the merits and the success of adjustment in developing countries. In Africa, for instance, they argue that, comparatively, the adjusting countries are better off than non-adjusting countries. The two editors and the five contributors to The Politics of Economic Adjustment seriously question this rhetoric, arguing that adjustment may not have been a success. They also demonstrate that developing country debtors may comply, quietly defect, or be outrightly defiant in their policy choices and attitude toward debt. Given these internally and externally-driven policy actions, the authors undertake an inter-temporal cross-sectional comparison of policy choice variations based on the differences in the timing of reform initiatives, degree of adoption of orthodox prescription and the extent of sustenance and consolidation of reforms. They also
Journal of African Economies – Oxford University Press
Published: Dec 1, 1994
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.