| | This article continues the debate on the effects of structural adjustment programmes in Africa as portrayed by the World Bank in Adjustment in Africa: Reforms, Results, and the Road Ahead (1994a). The World Bank's claim that 'better policies pay off' is found to be underspecified and misleading. Much of the divergence in growth rates between countries with different records of policy reform implementation results from the World Bank's peculiar classification and from the condition of the various economies prior to reform. It is concluded that the World Bank, rather than demonstrating the need for more adjustment, has revealed its failure to adopt an adequate long-term strategy for Africa. |
