Africana Periodical Literature 
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| Title: | Towards an Analysis of IMF: Structural Adjustment Programmes in Sub-Saharan Africa (SSA): The Case of Zimbabwe, 1990-1994 |
| Author: | Mlambo, Alois S. |
| Year: | 1995 |
| Periodical: | Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907) |
| Volume: | 20 |
| Issue: | 2 |
| Pages: | 77-98 |
| Language: | English |
| Geographic term: | Zimbabwe |
| Subjects: | IMF economic policy Development and Technology Economics and Trade international relations Politics and Government |
| External link: | https://www.jstor.org/stable/43658379 |
| Abstract: | Critics of IMF structural adjustment programmes (SAPs) state that these programmes have a deleterious impact on the economies and peoples of sub-Saharan Africa. Not only do they worsen the poverty of the majority of the population but they also intensify the problems of economic dependency. The IMF's emphasis on trade liberalization and export-led strategies is likely to perpetuate the traditional role of developing countries as consumers of finished products and exporters of raw materials; the very global system which produced underdevelopment in the developing countries. The author evaluates these statements by analysing the case of Zimbabwe. Zimbabwe's experience under SAP between 1990 and 1994 corroborates the views of IMF critics. High interest rates meant that local small businesses were unable to compete with large multinational companies on the export market. The country also experienced a sharp decline in real incomes, rising prices for basic commodities, government cuts in expenditure on health and education, increased unemployment and a substantial brain drain to neighbouring countries. Bibliogr., notes, ref., sum. in French. |
