Economic Reform and the Poor in Africa

Zusatztext An outstanding piece of work from both methodological and policy points of view....Highly recommended to researchers and policy makers, as well as students of development economics. Klappentext Has economic reform hurt the poor in Africa? There is little disagreement that most African countries faced an economic crisis in the 1980s, characterized by worsening budget and balance-of-payment deficits, stagnant growth, and slow improvement in general indicators. Far less consensus exists, however, on the appropriateness and effectiveness of the macroeconomic and sectoral reforms these countries undertook in response to these conditions. More contentious still is the subject of this book: whether the poor are hurt, in absolute and relative terms, by the economic policies designed to restore macroeconomic stability, reinvigorate markets, and rationalize resource allocation in Africa. Critics claim that, while orthodox adjustment policies may make sense at the macro level, they have high social costs. Proponents deny that living standards have declined as a result of adjustment policies, arguing that any declines are due to other factors. The contributors to this volume employ empirical methods to separate the effects of the economic crises that induced countries to begin to adjust from the impact of the economic reforms themselves. This approach is more sophisticated than the standard comparison of economic performance and household welfare before and after reform, which attributes all changes to the reform process. With these models, the authors examine the impact of specific policy reforms - under the broad headings of trade and exchange rate, fiscal, and food and agricultural sector policy - in specific countries. The countries covered are Cameroon, The Gambia, Ghana, Guinea, Madagascar, Malawi, Mozambique, Niger, Tanzania, and Zaire. Zusammenfassung This work examines policy responses to the economic crises faced by most African countries in the 1980s, focusing on the issue of whether the poor are hurt by economic policies designed to restore macroeconomic stability, reinvigorate markets, and rationalize resource allocation....

Product details

• Authors: Paul Dorosh, Steven Haggblade, David E. Sahn, David E. (Professor of Economics Sahn
• Assisted by: David E Sahn (Editor), David E. Sahn (Editor), Sahn David E. (Editor)
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 22.08.1996
• EAN: 9780198290353
• ISBN: 978-0-19-829035-3
• No. of pages: 504
• Subjects: Humanities, art, music > Education > Social education, social work; Social sciences, law, business > Business > Economics; SOCIAL SCIENCE / Poverty & Homelessness, POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Economics / Macroeconomics, Africa, BUSINESS & ECONOMICS / Development / Economic Development, macroeconomics, Poverty & unemployment, Political Economy, Development economics & emerging economies, C 1980 To C 1990, c 1980 to c 1989, Development economics and emerging economies, Poverty and precarity