This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.

Acknowledgements Preface Introduction 1. Macroeconomics of Africa 2. Macroeconomic Consistency and Adjustment Policies 3. Financial Programming and Stabilization 4. Growth Programming and Adjustment 5. Growth Oriented Adjustment - An IMF/World Bank Synthesis? 6. Alternative Approaches 7. Conclusions Bibliography Index