Military Expenditures and Socio-Economic Development in Africa: A Summary of Recent Empirical Research
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Authors
Looney, R.E.
Subjects
Advisors
Date of Issue
1988
Date
1988
Publisher
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Abstract
Africa's disn;ial economic performance in recent years has spawned a rather
vigorous debate over where to lay the blame for the continuing crisis. 1 The
United Nations and associated agencies cite factors outside the control of
individual governments, and stress the detrimental impact of the poor
condition of the world economy, notably the decline in commodity prices and
foreign aid. By way of contrast, the World Bank and the International
Monetary Fund favour the school of thought that lays blame more directly on
internal policy-making. Here the actions taken by governments to distort, for
example, exchange rates and agricultural prices, and to expand unprofitable
state enterprises, are seen as the main reasons for the continent's economic
decline.
Type
Article
Description
Journal of Modern African Studies, vol. 26, no. 2, 1988.
Refereed Journal Article
Refereed Journal Article
Series/Report No
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Citation
Looney, R.E., "Military Expenditures and Socio-Economic Development in Africa: A Summary of Recent Empirical Research," Journal of Modern African Studies, vol. 26, no. 2, 1988.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.