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African Development in a Comparative Perspective

African Development in a Comparative Perspective

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This book seeks to identify, in an international perspective, what has, and has not, worked in structural adjustment programs in Africa, to explain key weaknesses, and to put forward feasible alternatives. Published for and on behalf of the United Nations

It rejects both pessimism over Africa's future as well as excessive hype about the power and potential of foreign direct investment as an agent of change. It argues for policies which stimulate private domestic investment and link it to export expansion and upgrading, and for a supportive international environment which includes debt relief, improved development assistance and better market access.