Peace without profit : how the IMF blocks rebuilding in Mozambique

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Peace without profit : how the IMF blocks rebuilding in Mozambique

Joseph Hanlon

（African issues）

James Currey , Heinemann, 1996

  • James Currey : pbk
  • James Currey : cloth
  • Heinemann : cloth
  • Heinemann : pbk

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Note

Bibliography: p. 166-170

Includes index

Description and Table of Contents

Volume

Heinemann : cloth ISBN 9780435074098

Description

Mozambique has followed the IMF/World Bank prescription of structural adjustment: free market and deflation, deregulation and demand reductions. Wages, credit, and government spending have been cut. This stops the rebuilding of Mozambique in its tracks and even prevents an active role by the private sector. In 1995, donor representatives launched an unprecedented attack on the Bretton Woods institutions. Mozambique is one of the first African countries where postwar reconstruction has taken place in the context of structural adjustment. What are the lessons for Somalia, Liberia, Rwanda, Zaire, Sudan, and Angola? Hanlon explains the donor case and presents his own suggestions for finding the way forward.
Volume

Heinemann : pbk ISBN 9780435074104

Description

Where is the boom that should have followed the end of Mozambique's bitter war? Postwar reconstruction is slow; the economic crisis continues. Peasants returned to the countryside, but no one came to buy their crops. Workers went back to their factories, but there was no money to buy their products. Hanlon has written widely about Mozambique; here he lays out the sad truths of the current situation. Deflation is the opposite of what is needed Mozambique has followed the IMF/World Bank prescription of structural adjustment: free market and deflation, deregulation and demand reductions. Wages, credit, and government spending have been cut. This stops the rebuilding of Mozambique in its tracks, and even prevents an active role by the private sector. The donors have launched an attack on the excesses of stabilization In 1995 donor representatives launched an unprecedented attack on the Bretton Woods institutions. Mozambique is one of the first African countries where postwar reconstructio
Volume

James Currey : pbk ISBN 9780852558003

Description

This book argues that following the dictates of the IMF/World Bank has prevented Mozambique from rebuilding itself, and asks whether aid can ameliorate the distortions imposed by these organizations. The author explains the donorcase, and considers what lessons there are for other African countries which must follow Mozambique's experience - Liberia, Rwanda, Zaire, Somalia, Sudan and Angola. Where is the boom which should have followed the end ofMozambique's war? Can aid ameliorate the distortions imposed by the IMF JOSEPH HANLON has published a number of influential and provocative books on Mozambique Published in association with the International African Institute

Table of Contents

  • Part One Present position: return to 1973 and colonial economic relations
  • lost in Bretton Woods
  • the power of the global superstate
  • there are alternatives. Part Two Intractable contradictions: stabilization versus rebuilding
  • donor rhetoric versus donor actions
  • greed versus need. Part Three: What way forward?: donors could practise what they preach, but they won't
  • who benefits?
  • can Mozambique be allowed its own vision?
Volume

James Currey : cloth ISBN 9780852558010

Description

This book argues that following the dictates of the IMF/World Bank has prevented Mozambique from rebuilding itself, and asks whether aid can ameliorate the distortions imposed by these organizations. The author explains the donorcase, and considers what lessons there are for other African countries which must follow Mozambique's experience - Liberia, Rwanda, Zaire, Somalia, Sudan and Angola. Where is the boom which should have followed the end ofMozambique's war? Can aid ameliorate the distortions imposed by the IMF JOSEPH HANLON has published a number of influential and provocative books on Mozambique Published in association with the International African Institute

Table of Contents

  • Part I Present position: return to 1973 and colonial economic relations
  • lost in Bretton Woods
  • the power of the global superstate
  • there are alternatives. Part II Intractable contradictions: stabilization versus rebuilding
  • donor rhetoric versus donor actions
  • greed versus need. Part III What way forward?: donors could practise what they preach, but they won't
  • who benefits?
  • can Mozambique be allowed its own vision?

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