Policy Adjustment in Africa Case-Studies in Economic Development, Vo

The volume provides a range of case studies and both complements and advances core texts on economic development. The topics addressed cover a range of issues around the theme of policy adjustment.

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Also by Chris Milner AN INTRODUCTION TO INTERNATIONAL ECONOMICS (with David Greenaway) THE ECONOMICS OF INTRA-INDUSTRY TRADE (with David Greenaway) POLmCAL ECONOMY AND INTERNATIONAL MONEY (editor) * CURRENT ISSUES IN INTERNATIONAL MONETARY ECONOMICS (editor with David T. Llewellyn) EXPORT PROMOTION STRATEGIES: Theory and Evidence from Developing Countries (editor) EVALUATING TRADE AND INDUSTRIAL POUCY IN DEVELOPING COUNTRIES: A Manual of Political Analysis (with David Greenaway) Also by A. J. Rayner RESOURCE STRUCTURE OF AGRICULTURE: An Economic Analysis (with K. Cowling and D. Metcalj)

*Also from St. Martin' s

Policy Adjustment in Africa Case-Studies in Economic Development, Volume 1 Edited by

Chris Milner Professor of Economics Loughborough University

and

A. J. Rayner Professor ofAgricultural Economies University of Nottingham

Palgrave Macmillan

© Chris Milner and A. J. Rayner 1992 Softcover reprint ofthe hardcover 1st edition 1992 978-0-333-54033-6 All rights reserved. For infonnation, write: Scholarly and Reference Division, St. Martin's Press, Inc., 175 Fifth Avenue, New York, N.Y. 10010 First published in the United States of America in 1992 ISBN 978-1-349-12044-4 ISBN 978-1-349-12042-0 (eBook) DOI 10.1007/978-1-349-12042-0 Library of Congress Cataloging-in-Publication Data Policy adjustment in Africa / edited by Chris Milner and A. J. Rayner. p. cm. lncludes bibliographical references and index. (Case-studies in Economic Development, Volume I) ISBN 978-0-312-07492-0 (v. 1) 1. Africa-Economic policy-Case studies. 2. Structural adjustment (Economic policy)-Africa--Case studies. I. Milner, Chris. 11. Rayner, A. J. III. Title: Policy adjustment in Africa. HC800.C27 1992 338.96-dc20 91-33541 CIP

Contents General Editor' s Preface David Greenaway

vii

Preface

ix

Notes on the Contributors

x

1 Introduction Chris Milner and AJ. Rayner

1

2 Consequences of Extemal Shocks in African-type Economies David Bevan, Paul Collier and lan W. Gunning

7

3 Modelling African Development Prospects Dominick Salvatore, George S. Tavlas and Sing Y. Kwack

31

4 The Sequencing of Structural Adjustment Policy Instruments in the Agricultural Sector Lawrence D. Smith and Neil J. Spooner

61

5 World Bank Policy-Conditioned Loans: How Did They Work in Ghana in the 1980s? lohn Toye

81

6 How to Confront the World Bank and Get Away with it: A Case Study of Kenya, 198~7 Paul Mosley

99

7 Bilateral Aid to Africa and Structural Adjustment Loans: Conflict or Consistency? W. Oliver Morrissey

133

8 Potency of Budgetary and Financial Policy Instruments in Uganda Christopher Green and Victor Murinde

149

v

vi

Contents

9 The Process of Trade Refonn in Nigeria and the Pursuit of Structural Adjustment farnes W. Robertson 10 Botswana: Adjustment to Wealth l.R. Parkinson

173

197

11 Problems of Regional Integration in Africa: The Union Douaniere et Economique de I' Afrique Centrale (UDEAC) Richard Kitchen

221

References

239

Index

247

General Editor's Preface As anyone who has taught development economics to undergrad