Development strategy and the economy of Sierra Leone Book

	List of Tables
	Acknowledgements
1	Introduction	1
2	The African Crisis and the Ideology of Structural Adjustment	7
2.1	Introduction	7
2.2	The Ideology of Structural Adjustment	12
2.3	The Imaginary Consensus	20
3	Multilateral Intervention in Sierra Leone	29
3.1	Introduction	29
3.2	Chronology of Multilateral Intervention	29
3.3	The World Bank on Sierra Leone	30
3.4	The Change in World Bank Views	33
4	The Decline of an Economy	41
4.1	Introduction	41
4.2	Economic Performance over Three Decades	42
4.3	External Shocks	47
4.4	An Economy in Crisis	49
5	Rural and Urban Incomes	53
5.1	Introduction	53
5.2	The Trend in Rural and Urban Incomes	54
5.3	Implications for Structural Adjustment	67
6	Rural Income Distribution	69
6.1	Land Use and Availability	69
6.2	Rural Inequality	74
6.3	Distributional Effects of Price Increases	77
6.4	Food Prices and Overall Inequality	82
7	Performance of Agriculture	85
7.1	Agricultural Adjustment	85
7.2	Production and Availability of Rice	86
7.3	Performance of Major Export Crops	98
7.4	Conclusions on Agriculture	104
8	Aspects of Macroeconomic Adjustment	107
8.1	Introduction	107
8.2	The Balance of Payments	108
8.3	Role of the Exchange Rate	112
8.4	The Fiscal Deficit	120
9	Mismanagement or Maladjustment?	125
9.1	The Fund Mismanages the Exchange Rate	125
9.2	Devaluation-led Chaos	131
9.3	Empirically Testing the Stories	133
9.4	Macroeconomic Mismanagement	140
10	Alternative Adjustment	141
	Appendix	147
	Notes	155
	Bibliography	179
	Index	189