In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Agricultural production, the mainstay of the economy, had been declining steadily since the 1970s. Exports of cash crops, which traditionally accounted for the bulk of foreign exchange...

Burundi is one of the poorest countries in the world. GDP per capita is about US$255, and more than two-thirds of the population lives below the poverty line. While the country is making some progress toward the Millennium Development Goals (MDGs), chances of achieving them by 2015 are still limited

In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Twenty years later, inflation has declined to single digits, economic growth has averaged 7 percent per year since 2000, and real per capita income has risen by 50 percent. This report...

How does China's new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding...

The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986–93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed...