The African Debt Crisis

By Trevor W. Parfitt, Stephen P. Riley

© 2011 – Routledge

235 pages

Purchasing Options:
Paperback: 9780415853583
pub: 2013-04-12
US Dollars$48.95
Hardback: 9780415592789
pub: 2010-11-26
US Dollars$155.00

About the Book

Assessing both the macro- and micro-economic levels of the contemporary African Debt Crisis, this book, first published in 1989, begins by looking at the origins of the world debt crisis, and then looks closely at the problem as it affects Sub-Saharan Africa. The effects of debt on Africa’s position in international relations are considered, and the roles played by organisations such as the International Monetary Fund and the World Bank are assessed. The authors also examine the local effects in a series of case studies of various states including Nigeria, Ghana and Sierra Leone, the Francophone States and Zaire.

Table of Contents

1. The Nature of African Debt 2. The Politics of External Policy Direction 3. Nigeria: the Circuitous Path to Stabilization? 4. Zaire: in Debt in an Absolutist Kleptocracy 5. Ghana: Indebtedness, Recovery, and the IMF, 1977-87 6. Sierra Leone: Debt and the Fiscal Crisis of the State 7 . External Debt and Francophone Africa: the Effects of a Special Relationship 8. Ways out of the Debt Trap 9. Conclusion

About the Series

Routledge Library Editions: Development

Routledge Library Editions: Development will re-issue works which address economic, political and social aspects of development. Published over more than four decades these books trace the emergence of development as one of the most important contemporary issues and one of the key areas of study for modern social science.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Development / Economic Development