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Stabilization and Structual Adjustment in Mozambique: An Appraisal

Channing Arndt () and Finn Tarp ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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 stabilisation 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.

Keywords: Structural adjustment; Mozambique; historical analysis (search for similar items in EconPapers)
JEL-codes: F35 I3 O11 (search for similar items in EconPapers)
Date: 1999-02
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Journal Article: Stabilization and structural adjustment in Mozambique: an appraisal (2000) Downloads
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