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After independence around 1960, African countries started with high hopes for rapidgrowth and development. Whereas the initial performance was remarkable, economicdevelopment slowed in the 1970s and stagnated in the 1980s. In response, the states’ attempts to reinvigorate economic growth through state-led investments and import substitution industrialisation strategies were unsuccessful. The World Bank, the International Monetary Fund and Western donors developed and advocated Structural Adjustment Programmes (SAPs), which emphasised macroeconomic stabilisation, privatisation and free market development. The SAP approach has generated considerable debate within African countries and development circles. While proponentsargued that the reforms were essential and without alternatives, critics charged thatSAPs paid insufficient attention to the social dimension of development and to theinstitutional weaknesses of developing countries. The debate continues. This paperdiscusses the pro and contra arguments of the debate, presents lessons learned, anddraws conclusions for future policy priorities.

Keywords: Africa ; economic development ; agricultural policies

Editor(s): Brüntrup, Michael

Heidhues, Franz

Subject(s): Agricultural and Food Policy

Food Security and Poverty

Issue Date: 2011-02

Publication Type: Journal Article

DOI and Other Identifiers: ISSN 0049-8599 (Other)

PURL Identifier: http://purl.umn.edu/155490 Published in: Quarterly Journal of International Agriculture, Volume 50, Number 1 Page range: 55-64

Total Pages: 10

JEL Codes: D72; E61; N17; O13

Series Statement: Quarterly Journal of International Agriculture 50 (2011)

1 – Special Issue Agricultural Policy Processes, a Challenge for Africa's Development

Record appears in: Humboldt University of Berlin > Department of Agricultural Economics > Quarterly Journal of International Agriculture





Autor: Heidhues, Franz ; Obare, Gideon A.

Fuente: http://ageconsearch.umn.edu/record/155490?ln=en







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