Ghana's Adjustment Experience

<p>How did the Ghanaian state, after flirtation with structuralist theories and state intervention in the early 1960s, followed by persistent resistance to fiscal correction and a long economic slide in the 1970s and early 1980s, turn the economy around? How did it manage to implement relatively rigorous "neoliberal reforms" in the mid-1980s and early 1990s? And why, after the "economic miracle" of the 1980s, has reform increasingly run aground in recent years?</p>
<p>As Hutchful argues, the Ghanaian adjustment strategy is deeply flawed, unsustainable and subject to recurring revisions by international financial institutions such as the World Bank or the International Monetary Fund. The Ghana case has focused many of the controversies of adjustment in Africa. As such, Hutchful's book marks a significant contribution to the literature on the role the state plays in impeding or encouraging economic and political development.</p>

Business & Money

Hutchful, Eboe

Economics

Heinemann

How did the Ghanaian state, after flirtation with structuralist theories and state intervention in the early 1960s, followed by persistent resistance to fiscal correction and a long economic slide in the 1970s and early 1980s, turn the economy around? How did it manage to implement relatively rigorous "neoliberal reforms" in the mid-1980s and early 1990s? And why, after the "economic miracle" of the 1980s, has reform increasingly run aground in recent years?As Hutchful argues, the Ghanaian adjustment strategy is deeply flawed, unsustainable and subject to recurring revisions by international financial institutions such as the World Bank or the International Monetary Fund. The Ghana case has focused many of the controversies of adjustment in Africa. As such, Hutchful's book marks a significant contribution to the literature on the role the state plays in impeding or encouraging economic and political development.

Ghana has been widely quoted as an example of successful adjustment in Africa. This has been followed by a successful adjustment to democracy. What factors have impelled these changes and how are they to be interpreted? This volume examines questions such as: what would have been the difference in performance if adjustment had not been initiated? What is the actual role of policy changes in determining economic outcomes? What is the effect of time-lag? What is the relationship between macroeconomic and microeconomic performance and between stabilization and adjustment? Ghana has arguably been more successful with stabilization than with adjustment. In a nuanced and subtle analysis, this study finally faces central questions: success in relation to what? Success from whose point of view? Published in association with UNRISD North America: Heinemann; Ghana: Woeli Publishing Services

Young Africa -- Realising the Rights of Children and Youth

Politics & Social Sciences

Social Sciences

Africa World Pr

See the best price to sell, buy, or rent books by Hutchful, Eboe. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Hutchful, Eboe

See the best price to sell, buy, or rent books by Hutchful, Eboe. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Ghana's Adjustment Experience

Ghana's Adjustment Experience

Young Africa -- Realising the Rights of Children and Youth