Stabilization and structural adjustment Book

	List of tables
	Preface
	Acknowledgements
	List of Abbreviations
	Introduction	1
1	Macroeconomics of Africa	7
	Nature of the African economy	7
	Economic performance	11
	Sources of the crisis	14
	Getting the issues right	25
2	Macroeconomic Consistency and Adjustment Policies	29
	Sector and budget constraints	30
	National balance, absorption and economic policy	33
	Savings and investment	43
	Government and fiscal polio	45
	Monetary balance and policy	50
3	Financial Programming and Stabilization	56
	The 'empty' framework	59
	The Polak model	60
	The monetary approach	64
	Financial programming in theory	68
	Financial programming in practice	73
4	Growth Programming and Adjustment	79
	Accounting framework	81
	Growth and resource gap models	82
	Revised minimum standard model	86
	Growth programming in practice	90
5	Growth-Oriented Adjustment - An IMF/World Bank Synthesis?	99
	A conceptual framework	100
	Policy analysis	104
	An empirical analysis	108
	Issues and problems	110
6	Alternative Approaches and Perspectives	120
	Adjustment with a human face	121
	Structuralist-inspired view's and models	126
	Radical perspectives	138
	African alternative framework	143
7	Conclusions	150
	Notes	167
	Bibliography	194
	Index	205