Stabilization and Structural Adjustment of the Kenyan Economy, 1975–85: An Assessment of Performance

Godfrey, Martin

doi:10.1111/j.1467-7660.1987.tb00287.x

Cited by 8 publications

(2 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Balance of payments support was also obtained during the period under various 3No effort will be made here to examine specifics of the structural adjustment programs, stand-by arrangements, or any other agreement between the Kenyan government and donors or creditors on such i s sues as conditionalities or their success or failure. Some of these issues have been examined in Hecox (1988), Mosley (1986), Godfrey (1987), Bevan, Collier, and Gun• ning (1990), Swarny ( 1 994), and Mwega (1995). The policies introduced after 1986 were much deeper and wider ranging than those introduced earlier and were more successfully im plemented.…”

Section: Debt and The Macroeconomymentioning

confidence: 99%

External Debt and Capital Flight in Sub-Saharan Africa

2000

View full text Add to dashboard Cite

show abstract

Section: Debt and The Macroeconomymentioning

confidence: 99%

External Debt and Capital Flight in Sub-Saharan Africa

2000

View full text Add to dashboard Cite

show abstract

“…Over the years, the government has liberalized its policies toward foreign currency allocation, import and export sectors, and foreign investment. This conservative, orthodox strategy has sought to increase the level of exports and control domestic demand through liberalizing all facets of the national economy and eliminating the government deficit through expenditure control and encouraging foreign investment (Van der Hoeven and Vandemoortele 1987;Calika 1987;Godfrey 1987).…”

Section: Kenyamentioning

confidence: 99%

The Paradox of State Power in Africa: Debt Management Policies in Kenya and Zimbabwe

Lehman¹

1992

African Studies Review

View full text Add to dashboard Cite

A central debate in the literature on the state has focused on the state's relative strength and weakness in relation to society (Skocpol 1979; Nordlinger 1981, 1987; Evans, et al., 1985; Carnoy 1984). While this debate initially examined developed states and, more recently, semi-industrialized states in Latin America, increasing attention has shifted to African states. It is here where a paradox has emerged that has generated further questions about state power and state-society relations. Africa is plagued with political instability, coup d'etats, deteriorating economic conditions, and ineffective policy implementation (Sandbrook 1985). The current difficulties in meeting scheduled debt repayment deadlines and the pressure to make significant economic adjustments further illustrate the precarious financial status of many African states. Yet, African societies are well known for their heavily centralized bureaucratic apparatus that consumes a substantial portion of expenditures and capital investments. One indicator of state influence is the steady growth of parastatals in African countries. As they have expanded in number and in function, state power over these firms also has grown. And, in response to rapidly deteriorating economic conditions, many African states have enacted widescale debt management controls on foreign investment, public borrowing, and public sector investment. Scholars, whether conceptualizing this influential social group as an “organizational bourgeoisie” or a “managerial bourgeoisie,” consider African state bureaucracies to have their own power capabilities and defined interests (Markowitz 1977; Sklar 1979).

show abstract

Structural adjustment and agricultural performance in Sub‐Saharan Africa 1980–87

Mosley

Smith

1989

J of Intl Development

View full text Add to dashboard Cite

Stabilization and Structural Adjustment of the Kenyan Economy, 1975–85: An Assessment of Performance

Cited by 8 publications

References 10 publications

External Debt and Capital Flight in Sub-Saharan Africa

External Debt and Capital Flight in Sub-Saharan Africa

The Paradox of State Power in Africa: Debt Management Policies in Kenya and Zimbabwe

Structural adjustment and agricultural performance in Sub‐Saharan Africa 1980–87

Contact Info

Product

Resources

About