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. © 2016. The Authors. Journal of International Development published by John Wiley & Sons, Ltd.
Volume (Year): 12 (2000)
Issue (Month): 3 (04)
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- Carmen Reinhart, 1994.
"Devaluation, Relative Prices, and International Trade; Evidence From Developing Countries,"
IMF Working Papers
94/140, International Monetary Fund.
- 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.
- Reinhart, Carmen, 1995. "Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries," MPRA Paper 6974, University Library of Munich, Germany.
- Finn Tarp, 1990. "Prices in Mozambican agriculture," Journal of International Development, John Wiley & Sons, Ltd., vol. 2(2), pages 172-208, 04.
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