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The Decline of an Economy

In: Development Strategy and the Economy of Sierra Leone

Author

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  • John Weeks

    (Middlebury College)

Abstract

As shown in Chapter 2, the World Bank, the premier international agency lending to African countries, developed in the 1980s a standard explanation for poor economic performance which it applied generally to the countries of the SSA region. In this analysis, external shocks to the sub-Saharan countries enter as secondary effects, with the primary cause of economic decline resulting from poor economic policy (‘mismanagement’) and especially unwise investment decisions. This characterization of a sub-continent’s problems is not a strawman created by the critics of the Bank, but an argument repeated again and again with great force in official documents.

Suggested Citation

  • John Weeks, 1992. "The Decline of an Economy," Palgrave Macmillan Books, in: Development Strategy and the Economy of Sierra Leone, chapter 4, pages 41-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11936-3_4
    DOI: 10.1007/978-1-349-11936-3_4
    as

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