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Adjustment in Africa : reforms, results, and the road ahead - summary : O ajustamento na Africa : reformas, resultados e o rumo a seguir - resumo (Português)

To reverse the economic decline that began in the 1970s, many sub-Saharan African countries have undertaken structural adjustment programs. These programs are designed to pave the way for long-term development and prosperity by fundamentally restructuring African economies. Continent-wide growth of gross domestic product (GDP) per capita remains low, however, leading many to question the effectiveness of adjustment efforts. But is this poor performance the result of a failure to reform policies or a failure of those policies to restore growth? To address this question, the report examines the extent of policy reforms and their impact on growth and poverty in twenty-nine sub-Saharan countries that were undergoing adjustment in the second half of the 1980s.


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    O ajustamento na Africa : reformas, resultados e o rumo a seguir - resumo

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    Agricultural Research and Extension;quality of public spending;adjustment program;Public Enterprise Reform;subsidies for fertilizer;public enterprise sector;access to import;paucity of data;weights and measure;hard budget constraint;human resource base;overvalued exchange rate;increasing tax revenue;flexible exchange rate;real interest rate;newly industrializing economy;public sector reform;debt service payment;accumulation of capital;debt service burden;exchange rate policy;Civil Service Employment;stock of debt;basic social service;Exchange rate policies;source income;source of income;alleviation of poverty;success of reform;export processing zone;exchange rate depreciation;investments in infrastructure;Financial Sector;Macroeconomic Policy;price control;rural smallholder;domestic saving;higher growth;policy stance;foreign exchange;international standard;nontariff barrier;public saving;export crop;bank solvency;sustainable level;aid flow;budget deficit;intermediate input;statistical table;debt burden;adjustment policy;Boosting Growth;inflationary financing;private saving;banking system;capital good;agricultural pricing;foreign participation;increased export;external financing;public expenditure;output market;policy package;adjustment process;policy stability;measure of support;labor-intensive good;good governance;economic reform;world demand;mean differences;agricultural commodity;good policy;import barrier;debt relief;trade regime;world market;tariff level;tariff structure;concessional lending;food staple;social consensus;government intervention;vested interests;Trade Policies;Trade Policy;macroeconomic crisis;marketing board;government involvement;fertilizer use;convertible currency;import control;political interference;natural monopolies;Public Utilities;corporate management;holding company;fiscal revenue;uniform tariff;productivity gain;supervisory capacity;foreign bank;financial system;production area;exporters access;export growth;international agency;trading hour;license procedure;market liberalization;import liberalization;producer price;agricultural marketing;fiscal problem;Exchange Rates;fiscal loss;financial flow;financial repression;institutional weakness;government commitment;financial infrastructure;adjustment period;bank lending;government interference;banking sector;fiscal deficit;interest group;fundamental problem;technical competence;legal framework;investment framework;capital base;environmental problem;community incentives;Labor Market;simple task;petroleum product;foreign saving;forest output;Natural Resources;



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