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Publications (7)
Working Paper
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Privatization, together with liberalization and deregulation, constituted the core of Mozambique's economic transition. Privatization in Mozambique has taken place on an unusually large scale in comparison with the rest of Africa. Privatization interacted with military demobilization and political...
Working Paper
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In 1991, the new Government of Ethiopia faced a triple fiscal challenge. First, a major effort was required to overhaul and modernize the tax system. Second, the need to switch expenditure from military to civilian uses had to take place within a potentially severely reduced resource total. The...
Working Paper
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Angola’s difficulties in achieving macro-economic stability and economic liberalization have serious implications for private-sector development. Hyperinflation, and frequent policy reversal, constrain and distort investment in both the informal and formal parts of the private sector. But macro...
Working Paper
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Governments frequently compartmentalize issues of reform and reconstruction into separate strategies and separate ministries (the fate of poverty reduction as well). Donors do likewise, for each has its own responsibilities; the IMF focuses on reform, the UN concentrates on conflict resolution and...
Working Paper
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The economic policies of transition and reconstruction in Mozambique, like the policies of central planning beforehand, were based on an inappropriate model of the inherited rural economy. Under central planning, the peasantry was looked upon as a mass of subsistence producers; with the economic...
Working Paper
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A critical task is to construct a development state-a set of democratically-accountable institutions capable of effective policy design and implementation. The new state agenda is ambitious and resource intensive. It cannot therefore be achieved unless the fiscal crisis of the African state is...
Working Paper
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– Lessons from China
Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over-consume and over-invest. The evidence...
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