Macroeconomic reforms and regional integration southern Africa
The economic crises of the 1970s, in many cases associated with inappropriate domestic macroeconomic policies, droughts, and a number of unfavorable external factors, prompted several African countries to implement structural reforms and adjustment policies in the 1980s aimed at restoring external a...
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| Format: | Book Chapter |
| Language: | Inglés |
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International Food Policy Research Institute
1997
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| Online Access: | https://hdl.handle.net/10568/161640 |
| _version_ | 1855538954835591168 |
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| author | Mataya, Charles |
| author_browse | Mataya, Charles |
| author_facet | Mataya, Charles |
| author_sort | Mataya, Charles |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The economic crises of the 1970s, in many cases associated with inappropriate domestic macroeconomic policies, droughts, and a number of unfavorable external factors, prompted several African countries to implement structural reforms and adjustment policies in the 1980s aimed at restoring external and internal equilibria. Adjustment programs have in almost all countries attempted to eliminate distortion, often said to prevent efficient allocation of resources. These programs generally included reforms to establish a market-determined exchange rate; bring fiscal deficits under control and rationalize public investment; and liberalize trade (for example, by abolishing licenses and quantitative restrictions) and tariff policy (by moving toward low and uniform tariff rates), liberalize agricultural prices and marketing, deregulate internal prices, and similar measures. They also sought to improve financial sector policy (to achieve competitive returns on financial assets, increase the marginal productivity of capital, and boost the saving rate); improve the efficiency of public enterprises and labor markets (to enhance the mobility of goods and labor and to make prices and wages more flexible); and improve the coverage and quantity of social services. |
| format | Book Chapter |
| id | CGSpace161640 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1997 |
| publishDateRange | 1997 |
| publishDateSort | 1997 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1616402025-04-08T18:30:58Z Macroeconomic reforms and regional integration southern Africa Mataya, Charles agriculture economic aspects congresses food supply statistics economic situation The economic crises of the 1970s, in many cases associated with inappropriate domestic macroeconomic policies, droughts, and a number of unfavorable external factors, prompted several African countries to implement structural reforms and adjustment policies in the 1980s aimed at restoring external and internal equilibria. Adjustment programs have in almost all countries attempted to eliminate distortion, often said to prevent efficient allocation of resources. These programs generally included reforms to establish a market-determined exchange rate; bring fiscal deficits under control and rationalize public investment; and liberalize trade (for example, by abolishing licenses and quantitative restrictions) and tariff policy (by moving toward low and uniform tariff rates), liberalize agricultural prices and marketing, deregulate internal prices, and similar measures. They also sought to improve financial sector policy (to achieve competitive returns on financial assets, increase the marginal productivity of capital, and boost the saving rate); improve the efficiency of public enterprises and labor markets (to enhance the mobility of goods and labor and to make prices and wages more flexible); and improve the coverage and quantity of social services. 1997 2024-11-21T09:56:57Z 2024-11-21T09:56:57Z Book Chapter https://hdl.handle.net/10568/161640 en Open Access application/pdf International Food Policy Research Institute Mataya, Charles. 1997. Macroeconomic reforms and regional integration southern Africa. In Achieving food security in southern Africa: new challenges, new opportunities. Haddad, Lawrence James (Ed.) Chapter 4 Pp. 99-144. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/161640 |
| spellingShingle | agriculture economic aspects congresses food supply statistics economic situation Mataya, Charles Macroeconomic reforms and regional integration southern Africa |
| title | Macroeconomic reforms and regional integration southern Africa |
| title_full | Macroeconomic reforms and regional integration southern Africa |
| title_fullStr | Macroeconomic reforms and regional integration southern Africa |
| title_full_unstemmed | Macroeconomic reforms and regional integration southern Africa |
| title_short | Macroeconomic reforms and regional integration southern Africa |
| title_sort | macroeconomic reforms and regional integration southern africa |
| topic | agriculture economic aspects congresses food supply statistics economic situation |
| url | https://hdl.handle.net/10568/161640 |
| work_keys_str_mv | AT matayacharles macroeconomicreformsandregionalintegrationsouthernafrica |