In this paper the authors try to identify components of a cost-minimizing strategy of structural adjustment which aims to overcome the contrast between stabilization policy and development policy. In order to explain the emergence of the crisis the study analyses the inherited structural...

The purpose of this report is to provide an analysis of recent macroeconomic trends in Zambia and the coherence and impact of attempts at economic policy reform. The paper focuses on the period 1980-87 with special attention being paid to the most recent effort to adjust to declining fortunes...