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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Power without Responsibility: The World Bank and Mozambican Cashew Nuts
Author:Hanlon, Joseph
Periodical:Review of African Political Economy
Geographic term:Mozambique
Subjects:World Bank
agricultural policy
agricultural production
cashew nuts
Agriculture, Natural Resources and the Environment
Politics and Government
international relations
Development and Technology
Economics and Trade
External links:https://www.tandfonline.com/doi/pdf/10.1080/03056240008704431
Abstract:In the 1960s, Mozambique produced half the world's cashew nuts, involving millions of peasant growers. Today, it produces only 5 percent of the world total. In 1995 the World Bank imposed a textbook free market policy that finally destroyed the industry and provoked a backlash. The result is a policy stalemate. This article sets out the history and details of cashew processing, and then goes on to detail the World Bank's interventions in Mozambique and subsequent responses. The issue is poor governance and lack of transparency and accountability within the international financial institutions. The cashew case study shows how senior individuals in World Bank and IMF can override public opinion, the views of government, and even UN agencies. Reforms of the World Bank with a view to the centrality of the ownership concept have not reached Mozambique, nor the World Bank officials who deal with Mozambique. It appears that the World Bank violates all the guidelines for good governance that it tries to impose on developing countries. Bibliogr., notes, sum.