This book aims to improve readers’ understanding of the puzzle of Malawi’s development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi’s growth experience...

The links between oil prices, deficits, inflation, and real exchange rate appreciation are analyzed and Nigerian and Indonesian fiscal and exchange rate and agricultural and foreign borrowing strategies are compared. It is concluded that with the exception of cuts in the deficit since 1984,...

Front Cover -- Contents -- About the Authors -- Acknowledgments -- Abbreviations -- Chapter 1 The Puzzle of Malawi's Lack of Development -- Note -- References -- Chapter 2 The Importance of Macroeconomic Stability and Fiscal Management -- Growth and Poverty Trends since Independence -- Sources...