Stabilization and Structual Adjustment in Mozambique: An Appraisal

Arndt, Channing and Tarp, Finn (1999): Stabilization and Structual Adjustment in Mozambique: An Appraisal. Published in:

Abstract

This paper outlines the complex historical legacy and structural adjustment efforts in Mozambique in addition to reviewing recent economic developments. An in-depth analysis of new and more reliable national accounts data show that macroeconomic stabilisation has occurred through recovery from a suppressed outset. Yet, easy import substitution has now been used up, and structural transformation on the export side remains to be addressed. Moreover, a coherent development strategy geared towards poverty reduction is still to be implemented. The government budget also remains problematic, and aid dependency continues. Accordingly, fundamental development challenges lie ahead.

• Item Type: MPRA Paper
• Language: English
• Keywords: Structural adjustment, Mozambique, historical analysis
• Subjects: F - International Economics > F3 - International Finance > F35 - Foreign Aid; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development

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