By Thandika Mkandiwire, Charles C. Soludo
This can be the 1st booklet to offer the African viewpoint at the Bretton Woods method of structural adjustment, and it does so with the enter and aid of most sensible economists and students from each nook of Africa. The authors use as history their very own broad event and a set of 30 person stories to summarize this African viewpoint and articulate a direction for the long run. They underscore the necessity to be delicate to every country’s specified historical past and present situation. They argue for a broader coverage schedule and for a way more energetic position for the country inside what's mostly a marketplace economic system. eventually, they rigidity that Africa needs to, and will, compete in an more and more globalized international and, probably most significantly, that Africans needs to imagine the major function in defining the continent’s improvement schedule.
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Extra info for Our Continent, Our Future: African Perspectives on Structural Adjustment
Example text
25) stated the following: The state as the source of all economic evils was… a convenient belief, because it limited the range of bottlenecks and rigidities which had to be removed in the course of structural adjustment to those which had been created by government policies. From this it appeared to follow that, once the correct (neo-liberal policies) are followed, all would be well because all bottlenecks and rigidities would have been removed by the process of liberalisation and deregulation.
It is necessary to briefly deal with this wave of “political economy of policy-making” because it affects how one perceives the role of the state in dealing with the crisis. It has also produced a cognitive model of African policy and policy-making that has vitiated initiatives for policy dialogue. Explaining the African crisis has become a veritable industry and has tended to be polarized between externalist and internalist perspectives, with the former attributing the crisis largely to external factors and the latter pointing to internal policy failures.
The exigencies of nationbuilding, legitimation, and development imposed their own claims on state attention and resources. Nationalism coloured economic policies in particular ways. First, the nation-state was policy’s unit of analysis. As such, the state’s preoccupation was with the perceived welfare of its citizens, not with maximizing some global welfare function. Second, the state would tend to favour nationals Diagnosis and Prescriptions 29 or would try to remedy inherited imbalances in the ownership of property or access to economic resources.