Malaŵi and Madagascar
Malawi and Madagascar are poor, agricultural nations that have had very different degrees of economic success over the past quarter century. The economic ideologies of their governmental leaders have been, respectively, capitalist and socialist; and the two countries have pursued quite different strategies of economic development. This is the first book in the English language focusing on the economic systems and long-term economic policies of either country. Using the framework of the "New Political Economy," it attempts to answer three critical questions: Why have these nations chosen such different types of economic institutions and strategies of development? With what types of policies have these governments tried to realize their different goals? What has been the impact of such policies and their implementation on both economic growth and the distribution of income? The author shows clearly the linkages between agricultural policies designed to accelerate growth and the unintended widening of rural income differentials that resulted in both countries and how these relationships provided the basic mechanism underlying economic performance. The comparison of the experiences of these two nations serves not just to advance our knowledge of Africa, but also to illustrate some general forces linking poverty, equity, and growth in all developing nations.
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Background to the Economy of Malawi
Economic Growth in Malawi
Property and Production Policies
Summary and Conclusions
Foreign Trade and the Balance of Payments in Malawi
Manufacturing and Transportation in Malawi
The Government Sector in Malawi
Product and Factor Markets
The Credit Market in the Rural Sector
Summary and Conclusions
The Distribution of Income in Malawi
administrative African agricultural annual appear areas average balance Bank calculated capital central changes chapter colonial considerable controls costs countries crops decline difficulties direct discussion distribution domestic early economic effective encourage enterprises especially estates estimates ethnic evidence exchange expenditures exports extension factor farmers farms financed followed force foreign French governmental greater groups growth higher impact important income increase independence indicators industrial inputs instance interest investment labor land late less loans lower Madagascar major Malagasy Malawi manufacturing measures obtain occurred official particular percent period policies political population presented President problems production profits projects Pryor ratio received Region relatively rice rise roughly rural sector share smallholders social suggests trade transportation urban various wages workers World