Structural Adjustment Reconsidered: Economic Policy and Poverty in Africa
Cambridge University Press, Aug 13, 1999 - Business & Economics - 322 pages
The often emotional debate over the impact of structural adjustment on the poor in Africa has been confused by the complexity of economic reforms and their inconsistent implementation, the diversity of prior conditions, and confounding effects of external shocks. Professors Sahn, Dorosh, and Younger isolate from other factors the effect of specific policy measures associated with adjustment programs. The authors suggest that contrary to common belief, adjustment policies do not harm the poor in Africa. Reforms in fact usually benefit the poor slightly, but alone are insufficient to reduce poverty significantly.
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adjustment policies adjustment programs Africa African countries Appendix Table average Cameroon capital CFA franc CGE model cocoa commodities Conakry concentration curves Côte d'Ivoire decline deficit devaluation domestic Dorosh earnings employment exchange rate policy expenditure quintile export crops farmers fiscal food markets foreign exchange foreign exchange markets Gambia Ghana groundnut growth Guinea impact imported rice incentives increase investment labor liberalization macroeconomic Madagascar maize major Malawi Maputo ment model simulations Mozambique Niger nominal Official development assistance official exchange rate official market parallel market parastatals percent of GDP policy changes poor households poor nonpoor poverty primary Private wage producer prices production public sector rate policy reforms rationing real exchange rate real exports real incomes redeployees reduced retrenchment revenues rural poor Sahn share Source subsidy Tanzania trade and exchange U.S. dollars Urban nonpoor urban poor Urban Urban workers World Bank world prices yellow maize Zaire