Military Expenditures and Socio-Economic Development in Africa: A Summary of Recent Empirical Research
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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.
Journal of Modern African Studies, vol. 26, no. 2, 1988.Refereed Journal Article
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