Crisis, Adjustment and Growth in Uganda: A Study of by Arne Bigsten

By Arne Bigsten

Uganda within the Seventies and early Nineteen Eighties used to be one in every of Africa's extra tragic monetary tales. rising from civil conflict, it needed to embark on reform within the early to mid-1980s from a place of critical political weak point. within the examine, the results of monetary coverage on the combination point are mentioned intimately, yet 'snapshot' empirical analyses of responses on the loved ones point, either city and rural, also are provided. Uganda used to be for a few years thought of to be Africa's 'worst case'; its contemporary restoration hence offers wish for comparable international locations within the region.

Show description

Read Online or Download Crisis, Adjustment and Growth in Uganda: A Study of Adaptation in an African Economy PDF

Similar african books

The Evolution of the Gilgamesh Epic

He Epic of Gilgamesh is among the world's oldest identified epics-it predates Homer by means of numerous centuries and is famous as seminal to the cultural historical past of the traditional close to East. Interpretation and decipherment of the tale of Gilgamesh--fragmentary and contradictory as its a number of editions are--has been a enormous scholarly activity, spanning greater than a century.

Thabo Mbeki and the Battle for the Soul of the ANC: Second Edition

Thabo Mbeki performs a vital function in global politics, yet to many folks he's an enigma. during this booklet Gumede pulls jointly his insights from years of reporting at the Mbeki presidency to create a cosmopolitan yet easy-to-read account of energy in South Africa. He explores the complicated place that Mbeki occupies and divulges the underlying political and private tensions that support clarify the forces that experience created one of many world's strongest and enigmatic leaders.

Exorcising Devils from the Throne: Sao Tome and Principe

Exorcising Devils from the Throne introduces a small African archipelago that's nearly unknown at the overseas level, highlights its post-colonial difficulties, censures those that have prompted or contributed to them, and proposes options. Celebrating independence from Portugal in 1975, tiny islands nestled via the coast of Western Africa have encountered tough seas.

Inevitable Democracy in the Arab World: New Realities in an Ancient Land

Wissam S. Yafi argues that there are 4 dynamics resulting in inevitable swap within the Arab zone: geopolitical, geoeconomic, geosocial, and technological. Yafi involves the realization that no method could be in a position to aid the dynamics in position with the exception of democracy.

Extra info for Crisis, Adjustment and Growth in Uganda: A Study of Adaptation in an African Economy

Example text

While emergency war expenditures and the need to repair industries and other infrastructure continued, this measure allowed increased rent-seeking activities by, and premiums to, those lucky enough to have access to official allocations of foreign currency. 1). ' Little thought was given to the administrative effort necessary to ensure compliance. When these 'essential' imports arrived in the country, the government was faced with the problem of distribution. Initially, the village resistance 40 Crisis, Adjustment and Growth in Uganda councils (RC1s) were enthusiastically thought to be the natural distribution points, but the logistics proved too complex for consumer goods other than sugar and salt.

3. The East African Currency Board was established in London in 1919 to issue and redeem East African currency in exchange for UK pounds sterling (see Bank of Uganda, 1970). 4. In August 1965, the Uganda Commercial Bank was launched. 5. Obote went on to add that they have never shown any commitment to the cause of Uganda or even to Africa. Their interest is to make money, which they exported to various capitals of the world on the eve of our independence. 6. President Obote (Uganda, 1970: 6) stated: Like in the case of the Cooperative Movement, with regard to the ginning of cotton and the processing of coffee, some of the parastatal bodies will in future have monopoly in the fields of their activities, to the exclusion of any countrywide private enterprise ...

Appendix 4A: Analytical Framework In analyses of economic adjustment, changes in the real exchange rate are of interest because, while the nominal exchange rate is often politically determined, the real rate is endogenous. The real exchange rate measures the extent to which the government has been able to bring about a change in domestic relative prices, and thus potentially in sectoral production. With the small country assumption (the terms of trade given) exportables and importables can be grouped together into a composite category, tradables.

Download PDF sample

Rated 4.47 of 5 – based on 38 votes