Stabilization and structural adjustment in Mozambique: an appraisal
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This paper outlines the complex historical legacy and structural adjustment efforts 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
Original language | English |
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Journal | Journal of International Development |
Volume | 12 |
Issue number | 3 |
Pages (from-to) | 299-323 |
ISSN | 0954-1748 |
DOIs | |
Publication status | Published - 2000 |
ID: 149715