African Voices on Structural Adjustment presents 14 in-depth studies on the history and future of structural adjustment in Africa. Each study appraises the performance of structural adjustment policies (SAPs) with respect to a particular sector or issue. Each evaluates the compatibility of SAPs with the requirements for long-term development in Africa. And, most importantly, each presents a truly African perspective. The contributors represent an outstanding collection of leading African economists and development experts. This volume is intended as a companion to Our Continent, Our Future. It will appeal to students, professors, academics, and researchers in development, economics, and African studies; professionals in donor organizations around the world; and economic policymakers in both the governmental and non-governmental sectors

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

Background context to the governance debate

Our Continent, Our Future: African perspectives on structural adjustme

No one can fail to be aware of the incredible impact that the IMF and the World Bank have had on Africa. Their structural adjustment programmes were deliberately designed to shock African economies into free market reform and ensuing stability. But when `getting the prices right' first swamped the World Bank's African economic plans in the early 1980s, few bothered to analyse the politics of a reform package whose immediate impact was violent and unsettling. While Africa has come a long way since then, the goal of market reform must be as important as the task of understanding the politics of unleashing the forces of the market. Not least, is the question of democratisation, which the Bank itself now attempts to force through with loan conditions. This book is the culmination of intense debate by African authors across the continent. Three sections make up a comprehensive analysis of adjustment regimes, their perspectives and the political context in which they have survived, or not. Country case studies in both anglophone and francophone Africa round up the analysis.

Structural adjustment programmes are the largest single cause of increased poverty, inequality and hunger in developing countries. This book is the most comprehensive, real-life assessment to date of the impacts of the liberalisation, deregulation, privatisation and austerity that constitute structural adjustment. It is the result of a unique five year collaboration among citizens' groups, developing country governments, and the World Bank itself. Its authors, the members of the Structural Adjustment Participatory Review International Network (SAPRIN), reveal the practical consequences for manufacturing, small enterprise, wages and conditions, social services, health, education, food security, poverty and inequality. The stark conclusion emerges: if there is to be any hope for meaningful development, structural adjustment and neoliberal economics must be jettisoned.