%PDF-1.2 %���� Private Sector. Published by the Council on Foreign Relations I bridge the theoretical gap between them by examining the effects of economic crisis on electoral outcomes in Latin America from 1982 to 1990. The significance of the study lies in the fact that the African debt burden presents a gruesome picture of hopelessness. A volume rich in background information on a variety of African issues, but overly academic and too narrowly focused for a general audience. 0000002022 00000 n 0000008102 00000 n A volume rich in background information on a variety of African issues, but overly academic and too narrowly focused for a general audience. 0000022513 00000 n They recognize, however, that nationalistic competition and the present distribution of power in Africa make the achievement of such goals in the 1980s far from likely. 0000015932 00000 n 0000005698 00000 n Legum predicts increased political instability in the 1980s, an escalation of Sino-Soviet competition in the continent, and a "settlement" of the South African issue by Soviet-supported violence. 0000000940 00000 n Under growing pressure from multilateral agencies and mounting financial difficulties, more and more African governments have taken significant steps to …

The debt crisis came about in two ways, through private sector lending and through the lending by the international financial institutions (see box). 0000000851 00000 n This article examines the African debt crisis. 0000005468 00000 n 0000013854 00000 n trailer << /Size 214 /Info 187 0 R /Root 190 0 R /Prev 129129 /ID[ Please enable JavaScript for this site to function properly. 0000016048 00000 n 0000006436 00000 n 0000016473 00000 n The radical and countercultural movements of the 1960s and early 1970s, the Watergate scandal, the Vietnam War, uncertainty in the Middle East and economic crisis at …


Langdon and Mytelka, who provide a useful economic history of colonial development in Africa, urge an end to multinational corporate influence and a new emphasis on basic human needs and "appropriate technology" for increased self-reliance.
0000003642 00000 n It focuses on factors leading to the accumulation of the debts and their impact on the debtor nations. 0000002389 00000 n 0000014537 00000 n

African crisis to show that the years around 1980 constitute a major turning point in Sub-Saharan fortunes in the global political economy; and offer a first-cut explanation of it focusing on the radical change in the overall context of Third World development that occurred between 1979 and 1982. 288 pp, McGraw-Hill (for the Council on Foreign Relations/1980s Project), 1979288 pp, McGraw-Hill (for the Council on Foreign Relations/1980s Project), 1979 By These are the Latin American crisis of the early 1980s; the Japanese crisis of the early 1990s; the East Asian crisis of mid-1997; and the global financial crisis of 2007-2008 and the subsequent Euro debt crisis. 0000001672 00000 n 189 0 obj << /Linearized 1 /O 191 /H [ 940 754 ] /L 133039 /E 25032 /N 32 /T 129140 >> endobj xref 189 25 0000000016 00000 n the global financial crisis and its effects on Africa’s economic and developmental prospects. The global financial crisis has had a severe impact on South Africa. 0000005880 00000 n ©2020 Council on Foreign Relations, Inc. All Rights Reserved. 0000016908 00000 n This site uses cookies to improve your user experience. 0000002848 00000 n SUB-SAHARAN AFRICA: ECONOMIC CRISIS AND REFORM While sub-Saharan Africa appears to be recovering from the worst effects of the 1982-1984 drought, the region continues to suffer from declining real incomes and increasing impoverishment. Legum predicts increased political instability in the 1980s, an escalation of Sino-Soviet competition in the continent, and a "settlement" of the South African issue by Soviet-supported violence. 0000003938 00000 n Colin Legum, I. William Zartman, Lynn K. Mytelka and Steven The economy went into recession in 2008/09 for the first time in 19 years. 0000001694 00000 n Get in-depth analysis delivered right to your inbox Zartman contends that economic conflict and food shortages approaching Malthusian proportions will be the root cause of instability, with the have-not countries becoming more authoritarian and the richer ones more democratic. 0000004350 00000 n 0000004983 00000 n

on Foreign Affairs magazine! 0000001868 00000 n


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