Economic Crisis in Africa: Perspectives on Policy Responses

Economic Crisis in Africa: Perspectives on Policy Responses

Economic Crisis in Africa: Perspectives on Policy Responses

Economic Crisis in Africa: Perspectives on Policy Responses

Synopsis

While the pitiful images of famine victims generally emanate from the very poorest countries in Sub-Saharan Africa, the entire region faces an intense economic crisis. Why is this area in a state of near-permanent crisis and perhaps more importantly, what can be done about it?
In Economic Crisis in Africathe authors use country studies to examine how this situation has come about. The book is divided into four parts: Part Ipresents an overall perspective of the African Crisis and its management; Part IIaddresses the problems of the external sector; Part IIIdiscusses the crises and structural adjustment from a microperspective; and finally, Part IVexamines changes in economic systems which took place during the 1980s. At a time when famine again threatens the area, this work offers a valuable insight into a highly complex and critical situation.

Excerpt

The essays collected in the present volume were originally presented at a conference on Responses to the Economic Crisis in Africa at the Stockholm School of Economics on 19-20 April 1991. However, the book has also a second origin. In the late 1980s, the Swedish International Development Authority (SIDA) began a programme of co-operation in macroeconomics and development with the Departments of Economics at the Universities of Lund and Gothenburg and the Department of International Economics and Geography at the Stockholm School of Economics. The majority of the authors represented in the book are involved in this programme, writing on such issues as stabilization, structural adjustment, growth, distribution and reforms.

We are greatly indebted to SIDA for financing the project and for taking an active part in the conference. Thanks are also due to Carin Blomkvist for shouldering a heavy burden in the organization of the conference and in the preparation of the manuscript for publication.

Stockholm, August 1992
Magnus Blomström
Mats Lundahl

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