This contribution to the Africa seminar 'Beyond adjustment', organized by the Directorate General for International Cooperation of the Dutch Ministry of Foreign Affairs in Maastricht, The... Show moreThis contribution to the Africa seminar 'Beyond adjustment', organized by the Directorate General for International Cooperation of the Dutch Ministry of Foreign Affairs in Maastricht, The Netherlands, on June 30, 1990, summarizes the distinctive features of the African economic crisis, discusses the relevance of adjustment policies to remedy the crisis situation, and examines how the basic policy objective of 'food security' is affected by the IMF/World Bank structural adjustment programme. In this respect, it is important to observe that IMF/World Bank programmes do not take the purchasing power of different socioeconomic groups into account, while the food supply effect of policy instruments such as devaluation is variable. Show less
This paper attempts to assess to what extent the growth of the manufacturing sector in Kenya has contributed to a process of integrated and widespread economic development. The first section... Show moreThis paper attempts to assess to what extent the growth of the manufacturing sector in Kenya has contributed to a process of integrated and widespread economic development. The first section reviews the general arguments of development theory to promote industrial development in Third World countries. The second section deals with the pros and cons of the 'import-substitution' policy, which was adopted to speed up the growth of the manufacturing sector. The last section brings together relevant research findings concerning the effects of this policy on the structure of the manufacturing sector, employment creation, income distribution and the operations of multinational firms in Kenya. The conclusion is that the type of industrialisation that has occured has not led to 'a structural transformation' of the Kenyan economy. Import-substitution has not lessened Kenya's external dependency, but has merely changed its nature Show less
