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Stabilization and structural adjustment in Mozambique: an appraisal

โœ Scribed by Channing Arndt; Henning Tarp Jensen; Finn Tarp

Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
184 KB
Volume
12
Category
Article
ISSN
0954-1748

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โœฆ Synopsis

This paper outlines the complex historical legacy and structural adjustment eorts in Mozambique in addition to reviewing recent economic developments. An in-depth analysis of new and more reliable national accounts data show that macroeconomic stabilization 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.

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