ABSTRACT
Structural Adjustment: Why it Wasn’t Necessary and Why it Did Work. (Bracking 1999)
The Threat of a Good Example? (Melrose 1985)
A great tragedy has been enacted in eastern and southern Africa, as in much of the ‘developing world’. It came out of a conflict between the postcolonial aspiration for national economic development (on the model of other late developers) and the hardening aspiration of the international financial institutions (IFIs) to establish a world market. Most people in the region are now poorer, and live shorter and less fulfilled lives than they did 10 or 20 years ago, and in some cases 40 years ago, before independence.
