By Bonnie Campbell, John Loxley
Delivering overviews of states and sectors, periods and corporations within the new overseas department of labour, this sequence treats polity-economy dialectics at international, neighborhood and nationwide degrees. This quantity within the sequence appears on the complexities of structural adjustment in Africa.
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Offering overviews of states and sectors, sessions and corporations within the new foreign department of labour, this sequence treats polity-economy dialectics at worldwide, local and nationwide degrees. This quantity within the sequence seems to be on the complexities of structural adjustment in Africa.
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Extra info for Structural Adjustment in Africa
Attempts to alter relative prices and income distribution, in real terms, would be frustrated. A weIl known article by Nicholas Kaldor 14 makes this point quite forcefully and is quoted frequently by the critics of devaluation in the Tanzanian debate. 15 Moreover, it is argued, devaluation-induced inflation would te nd to offset devaluation-induced improvements in the budget by making more expensive the imported and domestic goods bought by government. Thus, devaluation would not necessarily improve an adverse fiscal balance; this would depend crucially on its inflationary impact.
10. 11. 12. 13. 14. 15. 16. H. ), Monetarism, Economic Crisis and the Third World (London: Frank Cass, 1983); Frances Stewart, Economic Policies and Agricultural Performance: The Case of Tanzania (Paris: OECD, 1986); Benno Ndulu, 'Stabilisation and Adjustment Programmes and Policies - Tanzania' (Helsinki: World Institute for Development Economics Research, 1987). World Bank, Tanzania: Country Economic Memorandum (Washington, DC: 1985) p. 15. Ibid. p. 159. H. G. Rwegasira and B. Van Arkadie, Economic Shocks and National Policy Making: Tanzania in the 1970s (The Hague: Institute of Social Studies, 1980).
33 Given these recommendations, it is clearly a misrepresentation for the Minister of Planning at that time to claim that pursuit of TAG policies meant the forfeiture of strategies of self-reliance. 34 Furthermore, this claim represents a very distorted view of recent bistory in Tanzania. The TAG report followed on tbe beels of a National Economic Survival Programme (NESP), drawn up by the Ministry of Planning, which emphasised both self-reliance and export expansion, but which contained few specific instruments to achieve either.
Structural Adjustment in Africa by Bonnie Campbell, John Loxley