Africa's quest for prosperity: has adjustment helped? From: Finance & Development | Date: June 1, 1994| Author: Jones, Christine; Kiguel, Miguel A. | COPYRIGHT 1994 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The structural adjustment programs that Sub-Saharan African countries have undertaken since the mid-1980s have done little to hasten the region's economic development. Although there has been a turnaround in growth for a number of countries, Africa's economic performance as a whole has been disappointing. The World Bank recently conducted a major study to investigate the extent of implementation and success of adjustment in 29 Sub-Saharan African states. Findings indicate that poor policies p...