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Debt, Development and Equity in Africa

Overview

This book assesses the impact of the African debt crisis on poverty. The author studies the relationship between debt and socio-economic development in Sub-Saharan Africa. Furthermore, Sonko analyzes the impact of debt-induced expenditure adjustments, including budgetary retrenchment in an African economy undergoing structural adjustment. Sustainable, self-reliant development, debt relief, and the redesign of structural adjustment programs to make them less controversial and more effective in Africa are required....

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Overview

This book assesses the impact of the African debt crisis on poverty. The author studies the relationship between debt and socio-economic development in Sub-Saharan Africa. Furthermore, Sonko analyzes the impact of debt-induced expenditure adjustments, including budgetary retrenchment in an African economy undergoing structural adjustment. Sustainable, self-reliant development, debt relief, and the redesign of structural adjustment programs to make them less controversial and more effective in Africa are required. The overall analysis is conducted with a view to what the author refers to as the "state of global interconnectedness," implying the need for global economic policy coordination and assistance in finding solutions to Africa's development problems. Contents: The Debt Burden: Trends, Causes and Comparative Analysis; Debt and Development; Debt, Adjustment and Equity; Structural Adjustment Programs: Criticisms, Evolution and Forms for the 1990s; The African Debt Crisis: What Can and Should be Done? Summary and Concluding Remarks; Appendix; Bibliography; Index.

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Editorial Reviews

Daily Observer
Debt, Development and Equity in Africa is a valuable contribution to understanding the political economy of the relationship between Africa and the international community in tackling the crisis of poverty and underdevelopment.
Africa Today
All in all, the book lives up to its promise to explore the links among debt, development and equity. Country studies in Africa and elsewhere will be much more useful than they are at present if they also follow a similar approach.
— Gloria Blackman
Daily Observer - Gloria Blackman
All in all, the book lives up to its promise to explore the links among debt, development and equity. Country studies in Africa and elsewhere will be much more useful than they are at present if they also follow a similar approach.
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Product Details

  • ISBN-13: 9780819193124
  • Publisher: University Press of America
  • Publication date: 12/22/1993
  • Pages: 236
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.00 (d)

Meet the Author

Karamo N.M. Sonko is Adjunct Professor at Regis University, the University of Denver, and the University of Colorado at Denver.

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Table of Contents

Acknowledgments
List of Tables
List of Illustrations
Foreword
I Introduction 1
II The Debt Burden: Trends, Causes and Comparative Analysis 5
III Debt and Development 35
IV Debt, Adjustment and Equity 61
V Structural Adjustment Programs: Criticisms, Evolution and forms for the 1990s 91
VI The African Debt Crisis: What Can and Should be Done 123
VII Summary and Concluding Remarks 135
Appendix 139
Bibliography 195
Index 214
About the Author 218
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