The growing pace of change and turbulence in the world's economy requires national economies to be adaptable. Inflexibility led to economic crisis in Eastern Europe and Africa, while adaptability characterized the economic miracle of East Asia. The structural adjustment programmes adopted in many developing countries reflects the extent to which the importance of these issues is now being reconized. This book explicitly addresses the nature of economic adaptability.

The International Monetary Fund is the centre of a global financial system that encourages budgetary discipline and full integration into world trade to facilitate development and alleviate poverty.
Yet this policy 'conditionality' of the IMF is highly controversial. Critics state that fifty years of IMF existence has been 'fifty years too long', and that its doctrinaire policy must change or Fund programmes will have only limited ability to achieve their objectives.
This book examines the arguments, tracing the extent of Fund adaptation, presenting major new evidence on the...

This volume looks at the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and challenges the widely held assumption that it is a co-operative process, arguing that in fact it tends to be coercive and detrimental to development objectives. Through detailed case studies of twenty one recipient countries, he explores the key issues of:
* ownership
* role of agencies
* government objectives and the effects of policy.
The conclusion is that conditionality has been counterproductive to price stability, economic...

This volume looks at the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and challenges the widely held assumption that it is a co-operative process, arguing that in fact it tends to be coercive and detrimental to development objectives. Through detailed case studies of 21 recipient countries, he explores the key issues of: ownership; the role of agencies; and government objectives and the effects of policy. The conclusion is that conditionality has been counterproductive to price stability, economic growth and...

Poverty is a large and growing problem in Africa resulting in an immense amount of avoidable suffering, foreshortened lives, frustrated potentials, and joyless existences. The poverty trap is more than just an economic phenomenon but a social phenomenon as well. 'African Poverty at the Millennium: Causes, Complexities, and Challenges' is confined to the sub-Saharan region of Africa. The analysis found in Part I of this book, emphasizes the many-sided nature of poverty and the importance of going beyond generalizations about the poor. Part II looks at the various causes of poverty in Africa,...