Prospects for recovery and sustainable development in Africa
Nine world-class experts on the African economy share their knowledge regarding the potential for real improvement and growth in food production and the development of grassroots economies that will benefit citizens as well as governments. Economic models that assume good incentives, infrastructure, entrepreneurial skills, and a level trading field cannot be invoked. Structural adjustment in African countries has led to unintended consequences because the common people and the small farmers have not been consulted. Domestic food production, the crux of Africa's economic problem, has been downgraded because of the emphasis on export crops. To develop self-sufficiency and food security, African nations must mobilize domestic resources, improve the human resource capacity, and strengthen their scientific and technological bases. They must also cooperate in integration schemes rather than compete for the available Western aid.
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Are Alternative Development Strategies Suitable for Africa
Part n INTERNATIONAL INSTITUTIONS EXPERTS
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adjustment policies African countries African Economic African governments agricultural alternative areas balance of payments billion budget capacity capital CFA francs cocoa cocoa farmers commodity computable general equilibrium Conakry consumption costs Cote d'lvoire crisis crops decline deficit demand devaluation domestic donors economic growth Economic Recovery effects employment enterprises exchange rate expenditure export external debt factors food farmers foreign exchange framework Fund Ghana Guinea household Ibid impact implementation import improve income distribution increase industrial inflation infrastructure institutions investment labor Lagos macro models macroeconomic major measures monetary Nigeria oil boom organizations output percent planning political poverty private sector problems production projects public sector reduce reform regional result revenues RMSM role rural sector models Senegal social stabilization structural adjustment programs Sub-Saharan Africa subsidies sustained Tanzania technical cooperation trade transformation UNECA United Nations urban wages World Bank