Stabilization And Structural Adjustment

This book provides an exposition of the different economic frameworks and models that underpin stabilization and structural adjustment policies being undertaken in sub-Saharan Africa. It will be most helpful to both students and practitioners of structural adjustment seeking a wise guide to the intricacies of the structural adjustment debate.

This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework. Review: Finn Tarp's book gives the best exposition of how the International Monetary Fund and World Bank do macroeconomics, richly illustrated with institutional detail for sub-Saharan Africa. For people trying to understand the complexities of macro policy formation in developing economies and how the Bretton woods institutions don't fully face up to the task it is essential reading. -Lance Taylor, The New School for Social Research Finn Tarp's book provides an exceptionally clear exposition of the different economic frameworks and models that underpin the stabilization and structural adjustment policies which are being undertaken in sub-Saharan Africa. It will be most helpful to both students and practitioners of structural adjustment seeking a wise guide to the intricacies of the structural adjustment debate. -John Toye, Director of The Institute of Development Studies, University of Sussex