ABSTRACT
This paper analyses the extent to which different types of reforms have been implemented in Mozambique, and puts them in the perspective of the macroeconomic development during the 1990s. As a basis for organisation of the analysis, we have used the 1998 WIDER Annual Lecture by Joseph Stiglitz (1998). In his lecture, Stiglitz analyses and criticises the so-called Washington Consensus reforms, and instead suggests a Post-Washington Consensus, i.e. a new set of instruments and goals for economic reform. In the first section of this paper, Stiglitz’ arguments for and against the Washington Consensus and the Post-Washington Consensus are presented respectively. In the following section we examine to what extent the Washington Consensus and the Post-Washington Consensus reforms have been implemented in Mozambique. Next, the macroeconomic development of Mozambique is presented, and an analysis is made of the extent to which it results from the different reforms. Finally, conclusions are presented.
