Evaluating the World Bank's Major Reports: A Review Essay

In: Issue: a journal of opinion, Band 16, Heft 2, S. 5-10

Abstract

As the decade of the 1970's drew to a close, Africa's leaders were becoming concerned over the economic stagnation visibly creeping across the Continent. The dramatic escalation in energy prices, combined with the general world inflation, had palpably shifted the terms of trade against the African petroleum importers, effectively neutralizing the higher commodity prices which African exports had enjoyed in the earlier years of the decade. Per capita GDP figures, which in most of Africa had been rising since independence, had begun to slip. In some countries the physical and social infrastructure was clearly detriorating.