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Economic Stagnation in Sub-Sahara Africa and Breaking the Implicit Bargain
Published online by Cambridge University Press: 13 August 2021
Extract
Economic stagnation in most of Sub-Sahara Africa is so persistent that “afro-pessimism” has gone from a term of art to common usage. Africa is entering its second decade of economic reform through neoliberal Stabilization Programs (STABs) and Structural Adjustment Programs (SAPs). There is little evidence that these reforms work. Africa is largely to blame, but so too are the logically flawed structural adjustment programs propagated by the International Financial Institutions (IFIs).
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- Research Article
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- Copyright © African Studies Association 1997
Footnotes
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James Hentz is assistant professor in the Government Department at Dartmouth College, New Hampshire
References
Notes
1. The term, “implicit bargain” is Thomas Callaghy’s. See for instance, “Political Passions and Economic Interests,” in Callaghy, and Ravenhill, , (eds.), Hemmed In: Responses to Africa’s Economic Decline, (New York: Columbia University Press, 1993), p. 476 Google Scholar.
2. Callaghy, “Reform in a Weak Neighborhood,” 8.
3. Ibid, 9.
4. John, Ravenhill, “A Second Decade of Adjustment: Greater Complexity, Greater Uncertainty,” in Callaghy, and Ravenhill, , (eds.), 31 Google Scholar.
5. Sub-Sahara Africa: From Crisis to Sustainable Growth (Washington, DC: The World Bank, 1989), p. 3.
6. Tony, Hawkins, “Industrialization in Africa,” in Douglas, Rimmer, ed. Africa 30 Years On (London: James Curry, 1991), 148 Google Scholar.
7. Christopher, Clapham, “The African State,” in Douglas, Rimmer, (ed.), Africa 30 Years On (London: James Currey, 1991), p. 95 Google Scholar.