Peace without profit : how the IMF blocks rebuilding in Mozambique /

"Where is the boom which should have followed the end of Mozambique's war? Post-war reconstruction is slow. The economic crisis continues. Peasants returned to the countryside; nobody came to buy their crops. Workers went back to their factories; there was no money to buy their products.&q...

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Bibliographic Details
Main Author: Hanlon, Joseph
Format: Book
Language:English
Published: Oxford : Portsmouth, N.H. : Irish Mozambique Solidarity & the International African Institute in association with J. Currey ; Heinemann, 1996.
Series:African issues
Subjects:

MARC

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100 1 |a Hanlon, Joseph. 
245 1 0 |a Peace without profit :  |b how the IMF blocks rebuilding in Mozambique /  |c Joseph Hanlon. 
260 |a Oxford :  |b Irish Mozambique Solidarity & the International African Institute in association with J. Currey ;  |a Portsmouth, N.H. :  |b Heinemann,  |c 1996. 
300 |a xvi, 176 pages :  |b illustrations ;  |c 22 cm. 
336 |a text  |b txt  |2 rdacontent 
337 |a unmediated  |b n  |2 rdamedia 
338 |a volume  |b nc  |2 rdacarrier 
490 1 |a African issues 
504 |a Includes bibliographical references (pages 166-170) and index. 
520 1 |a "Where is the boom which should have followed the end of Mozambique's war? Post-war reconstruction is slow. The economic crisis continues. Peasants returned to the countryside; nobody came to buy their crops. Workers went back to their factories; there was no money to buy their products." "History demonstrates that deflation is the opposite of what is needed. Mozambique has followed the IMF/World Bank prescription of structural adjustment: free market and deflation; deregulation and demand reduction. Wages, credit and government spending have been cut. This stops Mozambique rebuilding. It even prevents an active role by the private sector." "The donors have launched an attack on the excesses of stabilization. In 1995 the representative of the donors launched an unprecedented attack on the Bretton Woods institutions. This book explains the donor case. There was even an unexpected fight between the IMF and the World Bank." "Can aid ameliorate the distortions imposed by the IMF? Mozambique is one of the first African countries to try to rebuild after the war under the burdens of structural adjustment. What lessons are there for other African countries which must follow: Liberia, Rwanda, Zaire, Somalia, Sudan and Angola?"--Jacket. 
505 0 |a Introduction -- ch. 1. Political independenc is not enough -- ch. 2. Becoming a cold war battle ground -- ch. 3. Lost in Bretton woods -- ch. 4. Spend, spend -- ch. 5. Buying inefficiency: the price of paying peanuts -- ch. 6. Hand out the bread -- ch. 7. Imported castles -- ch. 8. Back to 1973 -- ch. 9. Korea & Zimbabwe did it differently -- ch. 10. Whose policy was better? -- ch. 11. A real focus -- ch. 12. No one could be that stupid -- ch. 13. Can Mozambique be allowed in its own vision? -- ch. 14. Getting out of the debt trap -- ch. 15. Intractable conditions -- ch. 16. Taking a stand on -- & in -- the IMF -- ch. 17. First steps -- Appendice 1: Basic data & estimates -- Appendice 2: Aid & Ireland -- Appendice 3: Additional tables. 
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650 0 |a Economic assistance  |z Mozambique  |x Evaluation. 
651 0 |a Mozambique  |x Economic conditions  |y 1975- 
651 0 |a Mozambique  |x Politics and government  |y 1975-1994. 
651 0 |a Mozambique  |x Politics and government  |y 1994- 
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