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The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities

In: Economic Alternatives for Growth, Employment and Poverty Reduction

Author

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  • John Weeks

Abstract

In line with the orthodox consensus on macroeconomic policies, the governments of most sub-Saharan African countries have pursued, since the late 1980s, ‘floating’ exchange-rate regimes, which have been managed by central banks. An alleged benefit—and often the central goal—of this policy regime has been to achieve international competitiveness and an associated improvement in the efficiency with which domestic resources are allocated.

Suggested Citation

  • John Weeks, 2009. "The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities," Palgrave Macmillan Books, in: Terry McKinley (ed.), Economic Alternatives for Growth, Employment and Poverty Reduction, chapter 10, pages 209-224, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25063-5_11
    DOI: 10.1057/9780230250635_11
    as

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