ABSTRACT

In this chapter we shall attempt to determine the effects of the adoption of Structural Adjustment Programmes on the allocation of resources between the sectors of the economy. This analysis will focus on the ‘meso-economics’, signifying not macro-economics, nor micro-economics, but what lies in between. When examining activities more aggregated than those encompassed in the single organization, and less aggregated than those in the overall economy, we can be guided by theory, and by what has appeared to others and to ourselves during our enquiry. Let us start with the issues raised by theory.