Finance & Development, September 2003


Book Description

This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and import-substitution trade strategies. Latin American governments championed the Consensus in the early 1990s, and the policy agenda delivered some of the things it was supposed to—healthier budgets, lower inflation, lower external debt ratios, and economic growth. But unemployment rose in many countries and poverty remained widespread, while the emphasis on market openness made states vulnerable to the side effects of globalization.




The Microfinance Gap


Book Description










Structural Stability in an African Context


Book Description

Structural Stability is a particular focus for reconceptualizing developmental strategy and development aid and has provoked unfore-seen responses in the course of a recent, mainly German debate. This debate began late in 2000 when a number of prominent German scholars in African Studies initiated a policy dialogue through a widely circulated and publicly discussed "Afrika Memorandum" centred on the notion of structural stability. Its arguments are relevant not only to a German audience but offer stimulating and thought-provoking inputs into the debate in the wider European context on bilateral and multilateral relations with Africa. This Discussion Paper presents the revised contributions to a Consultative Workshop on Structural Stability in an African Context that took place at the Nordic Africa Institute in Uppsala on 31 March and 1 April 2003.