The Political Economy of Africa`s Adjustment

ISBN Number : 81-7866-006-5

Library Price : Rs.350

Library Dollar Price : 14$

Book Edition : First

Year of Publication : 2001

No. Of Pages : 180

Book Weight :0

About The Book

This work is an attempt to deconstruct some of the myths that have become an integral part of the literature on the political economy of adjustment particularly with reference to Africa. This work is from the non-economists perspective and is macro in nature. As such ti does not focus on any on country of set of countries in Africa. Its primary aim is to relate the imperatives of adjustment processes in Sub-Saharan Africa. Contrary to the popular viewpoint that structural adjustment programmes are failures in Africa, this work contends that they just cannot be considered so. At least, not yet. The study calls for a total commitment to development through structural adjustment, the African governments have to govern, not just rule. None of these however, says the author, can absolve the international financial institutions of their social responsibilities: they have to handle the African economies with tender sensitivity and a sense of purpose.

Contents :

I GLOBAL PERSPECTIVES AND THE AFRICAN CONTEXT

1. Global Economic Backdrop and Sub-Saharan African Economics : A Macro Prespective

II ECONOMIC ADJUSTMENT OF AFRICA

1. The Essence of Economic Adjustment
2. The IMF-World Bank Approach
3. The Economic Performance of Sub-Saharan Africa - Some Explanations

III ISSUES CENTRAL TO ADJUSTMENT IN AFRICA

1. Agriculture
2. Industrialisation and Structural Adjustment in Africa
3. External Debt

IV THE CHALLENGES

1. The Tasks Ahead and the Political Economy Issue

Appendices

Select References

About The Author

Parvathi Vasudevan is currently Reader at the Centre for African Studies, University of Bombay, India. The Political Economy of Africa`s Adjustment is an extension of the work done as a Research Associate of the University Grants Commission, Government of India (1992-96). It was her academic endeavours in the U.S. (1984-90) that enabled her to peruse the literature on international economic issues and write on diverse themes such as the GATT negotiations and the Dunkel Draft, Privatization, the Antarctica Treaty System and the developments in the erstwhile Soviet Union.

Parvathi Vasudevan was a recipient also of a Post-doctoral Fellowship from the Indian Council for Social Sciences Research, Government of India, 1982-84 which facilitated her to write on the `Politics of Oil and its Impact on India`s Foreign Affairs`.

Parvathi Vasudevan`s doctoral work on `Non-alignment as a factor in Indo-American Relations: The Nehru Era` has been published and has been well received in India and abroad.

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