Who Has Failed Africa? IMF Measures or the African Leadership ?

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" Who Has Failed Africa? IMF Measures or the African Leadership ? "
Gerald Scott

Document Type	:	AL
Record Number	:	1071421
Doc. No	:	LA115050
Call No	:	‭10.1163/156852182X00075‬
Language of Document	:	English
Main Entry	:	Gerald Scott
Title & Author	:	Who Has Failed Africa? IMF Measures or the African Leadership ? [Article]\ Gerald Scott
Publication Statement	:	Leiden: Brill
Title of Periodical	:	Journal of Asian and African Studies
Date	:	1998
Volume/ Issue Number	:	33/3
Page No	:	265–274
Abstract	:	Numerous writers have suggested that International Monetary Fund (IMF) Structural Adjustment Programs in Africa have not only damaged growth prospects for many countries, but have further worsened an already badly skewed income distribution. The main purpose of this paper is to argue that of all the feasible alternatives for solving Africa's current economic problems, IMF Programs are the most promising. First, the paper examines the main reasons for the region's dismal economic performance over several decades. Secondly, it evaluates the evidence that has been used to reach the conclusion that IMF programs have had a deleterious effect on Africa's economic performance. Thirdly, it presents a case for the attractiveness of IMF programs, and a discussion of some specific prescriptions in IMF programs. Numerous writers have suggested that International Monetary Fund (IMF) Structural Adjustment Programs in Africa have not only damaged growth prospects for many countries, but have further worsened an already badly skewed income distribution. The main purpose of this paper is to argue that of all the feasible alternatives for solving Africa's current economic problems, IMF Programs are the most promising. First, the paper examines the main reasons for the region's dismal economic performance over several decades. Secondly, it evaluates the evidence that has been used to reach the conclusion that IMF programs have had a deleterious effect on Africa's economic performance. Thirdly, it presents a case for the attractiveness of IMF programs, and a discussion of some specific prescriptions in IMF programs.
Location & Call number	:	‭10.1163/156852182X00075‬