Stabilization and structural adjustment in Mozambique: an appraisal
This paper outlines the complex historical legacy and structural adjustment efforts in Mozambique in addition to reviewing recent economic developments. An in-depth analysis of new and more reliable national accounts data show that macroeconomic stabilization has occurred through recovery from a suppressed outset. Yet, easy import substitution has now been used up, and structural transformation on the export side remains to be addressed. Moreover, a coherent development strategy geared towards poverty reduction is still to be implemented. The government budget also remains problematic, and aid dependency continues. Accordingly, fundamental development challenges lie ahead. Copyright © 2000 John Wiley & Sons, Ltd.
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Volume (Year): 12 (2000)
Issue (Month): 3 ()
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References listed on IDEAS
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- Carmen M. Reinhart, 1995.
"Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries,"
IMF Staff Papers,
Palgrave Macmillan, vol. 42(2), pages 290-312, June.
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- Finn Tarp, 1990. "Prices in Mozambican agriculture," Journal of International Development, John Wiley & Sons, Ltd., vol. 2(2), pages 172-208, 04. Full references (including those not matched with items on IDEAS)