This article uses a multi-market agricultural pricing model to analyse the impact of the World Bank's three structural adjustment loans (SALs) to Malawi on the smallholder agricultural sector. Three price policy scenarios are simulated on the model representing zero, partial and full compliance...

Tests of the McKinnon-Shaw hypothesis typically investigate the relationship between real interest rates and growth. Recent work has concluded that this relationship may be non-monotonic. This article investigates the role of real interest rate mismeasurement in explaining these...

During the last two decades, economists have paid increasing attention to the role of informal risk-sharing arrangements as a privileged way through which traditional rural communities can achieve a significant degree of protection against income fluctuations and other hazards beyond their...

A major factor contributing to the growth in industrial employment in Malaysia was the implementation of the export-oriented industrialisation strategy. With the withdrawal of GSP privileges to the USA, the inevitable loss of comparative advantage in labour cost and the emergence of trading...

Trade Policies and Developing Nations. By A.O. Krueger. Washington, DC: The Brookings Institution, 1995. Pp.xxvi + 124. £22.50 and £8.50. ISBN 0 8157 5056 0 and 5055 2 Constructing Democracy, Human Rights, Citizenship and Society in Latin America. Edited by Elizabeth Jelin and Eric Hershberg....

Public Enterprise in Kenya: What Works, What Doesn't and Why. By Barbara Grosh. Boulder, CO and London: Lynne Reinner Publishers, 1991. Pp.223. $45. ISBN 1 55587 209 3 The Culture of Politics in Modern Kenya. By Angelique Haugerud. Cambridge and New York: Cambridge University Press, 1995....

World Development Report 1997: The State in a Changing World. By the World Bank. New York: Oxford University Press, 1997. Pp.viii + 265. ISBN 0 19 521115 4 and 521114 6 Agenda for Africa's Economic Renewal. Edited by Benno Ndulu and Nicolas van de Walle. New Brunswick and Oxford: Transaction...

Africa's Management in the 1990s and Beyond: Reconciling Indigenous and Transplanted Institutions. By Mamadou Dia. Washington, DC: The World Bank, 1996. Pp.xii + 293. NP. ISBN 0 8213 3431 X A Land Without Gods: Process Theory, Maldevelopment and the Mexican Nahuas. By Jacques M. Chevalier and...

According to total factor productivity trends in Chinese agriculture, China achieved productivity gains both when collectivising (1954-58) and when decollectivising (1979-84) its agriculture. If the productivity gains from decollectivisation were due mainly to eliminating the incentive problems...

This survey critically examines the development studies literature dealing with the connections between social structure, politics and the emergence or development of 'indigenous' capitalism in developing countries. This literature has focused mainly on the apparent absence or weakness of...