Toxic Aid: Economic Collapse and Recovery in Tanzania by Sebastian Edwards

Toxic Aid: Economic Collapse and Recovery in Tanzania

bySebastian Edwards

Hardcover | May 24, 2014

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For many years Tanzania was the darling of international aid agencies. During the 1970s it received more assistance per capita than any other nation in the world. And yet, the economy performed dismally: growth was negative, exports collapsed, and poverty increased massively. In the mid 1980s,however, the international community changed tacks and developed an approach based on conditionality and "program ownership". Since 1996 the country has grown steadily, and social conditions have improved significantly. This book provides an economic history of Tanzania, since independence in 1961.It covers the policies of African Socialism and the Arusha Declaration, the collapse of the early 1980s, the rocky relationships with the IMF, and the reforms of the 1990s and 2000s.

About The Author

Sebastian Edwards is the Henry Ford II Professor of International Economics at the University of California, Los Angeles. He is the Co-Director of the National Bureau of Economic Research's "Africa Project". From 1993 to 1996 he was Chief Economist for Latin America at the World Bank. He has published 14 books, including two best-sell...

Details & Specs

Title:Toxic Aid: Economic Collapse and Recovery in TanzaniaFormat:HardcoverDimensions:240 pages, 8.5 × 5.43 × 0.03 inPublished:May 24, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198704429

ISBN - 13:9780198704423

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Table of Contents

Preface1. Tanzania: Finally a Success Story?2. Tanzania's Market-Oriented Reforms and Economic Performance: The 'Official Story'3. The War of Ideas and Foreign Aid4. The Evolution of Foreign Aid to Tanzania5. The Arusha Declaration, Foreign Aid, and the Crisis of 19796. Economic Collapse7. Tanzania and the IMF: A Troubled Relationship8. The Wheels of Aid and the First Round of Reforms, 1986-19959. A New Beginning: The Ownership of Aid Programs10. The Second Wave of Reforms: Vision and Policies11. Is Tanzania a Success Story?