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Read e-book online Africa in Economic Crisis PDF

By John Ravenhill (eds.)

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The second dimension of the NIC analogy on which debate has focused is the question of state intervention versus the role of the market. Again, this is largely a false debate - both in terms of the actual NIC experience, and with regard to the Bank's recommendations for Africa. Ruggie again provides a succinct comment on the NIC experience: 'Any presumed identity between an outward-oriented development strategy and laisez-faire is fictitious, or, perhaps more accurately, ideological'. 53 Governments in the NICs have played an active role in promoting import substitution and exports through the manipulation of the whole range of monetary, tariff, and fiscal devices at their disposal.

26. 27. 28. 29. 30. 31. 32. 8 billion. Shs 5 billion, nearly three times the total producer value of all official crop purchases in 1979/80, and equivalent to 15 per cent of Tanzania's GDP in 1979 (ibid. p. 277). See also Eicher, Chapter 7 of this volume. According to the World Bank (Accelerated Development, p. 59, n. b. price received for maize exports, 23 per cent for wheat, and 49 per cent for rice. For instance, the marketing parastatal in Benin handled a sign ificant percentage of the Nigerian cocoa crop.

37 (Summer 1983) no. 3, pp. 415-39 . 9. See. for example , Irma Adelman, 'Beyond Export-Led Growth '. World De velopment. vol. 12 (September 1984) no. 9. 937-49. Concise statements on the role of agriculture in economic growth are found in W. Arthur Lewis. The Evolution of the International Economic Order (Princeton University Press. 1978); and World Bank . World Development Report 1982 (New York : Oxford University Press, 1982). 10. Half of this number are projected to remain underemployed. however.

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