Stabilization and Structural Adjustment by Finn Tarp (1994, Paperback)

During the 1980s most of the economies of Africa went into a sharp decline. Faced with the realization that their existing economic policies and structures were not sustainable, many governments dramatically re-oriented their economies. Frequently this process was actively sponsored by the World Bank and the IMF, and this book examines the macroeconomic basis for World Bank and IMF programs. Exploring both these and alternative models, Finn Tarp provides a much needed overview of the macroeconomic dimensions of the current economic crisis in Africa.