The politics of rice. (Madagascar)

The Economist (US) | April 30, 1988 | Copyright

IN AFRICA's long march away from Marxism, the island-state of Madagascar was a leader. For eight years its guides have been the World Bank, the International Monetary Fund and the gospel of "structural adjustment" that is supposed to bring prosperity to farmers and investment in new industry. When the World Bank, in january, assembled the consultative group of countries interested in helping Madagascar, they heaped praise and $705m of new aid on their star pupil. Nobody mentioned the port of Tamatave on Madagascar's east coast, where government agencies are selling off the ...

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