Toxic Aid: Economic Collapse And Recovery In Tanzania
Toxic Aid: Economic Collapse and Recovery in Tanzania
For many years Tanzania was the darling of international aid agencies. During the 1970s it received more assistance per capita than any other nation in the world. And yet, the economy performed dismally: growth was negative, exports collapsed, and poverty increased massively. In the mid 1980s, however, the international community changed tacks and developed an approach based on conditionality and 'program ownership'. Since 1996 the country has grown steadily, and social conditions have improved significantly. This book provides an economic history of Tanzania, since independence in 1961. It covers the policies of African Socialism and the Arusha Declaration, the collapse of the early 1980s, the rocky relationships with the IMF, and the reforms of the 1990s and 2000s.
"Opposing sides on foreign aid fiercely debate whether it spurs growth or actually does harm. Sebastian Edwards' fascinating tale of aid in Tanzania suggests it can do both. He reminds us that the more recent success of aid and reform in Tanzania is undoing the disaster caused by aid's decades-long support of domestic tyranny and corruption. A must-read for both sides of the aid debate, or for all those who...