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The construction sector plays a critical role in delivering quality infrastructure, which in turn influences the use of natural resource revenues towards achieving structural change and industrial development. We use industrial organization and political economy lenses to describe and understand the organization of and changes in the construction industry in Zambia, focusing on demand-side factors; supply-side issues; market interactions through pricing and costs; and public institutions, regulations, policies, and structures. We establish the main firm-level, industry-wide, and macroeconomic bottlenecks affecting Zambia's construction sector and offer options for dealing with the key bottlenecks. In particular, we suggest: institutional reforms and legal and regulatory changes governing procurement and contracting rules and systems; training and other capacity-building programmes; greater access for local contractors to existing financing sources, including the Skill Development Levy; a review and update of the local content and subcontracting strategy and policy; and state-supported and -financed/-resourced research and development programmes.

This paper is about understanding the cycle of global copper price booms and busts over Zambia's economic history. We explore how the mining industry has been managed, and wider economic management during boom periods. We find that successive Zambian governments did not use copper revenues to accumulate productive assets, focusing instead on financing consumption subsidies and sustaining inefficient state-owned companies. In recent times, Zambia has accumulated worryingly high levels of sovereign debt with virtually no prospect of official debt relief. Nonetheless, a reasonable chance exists of avoiding debt distress, provided the authorities consistently pursue strong fiscal management and discipline. Ultimately, Zambia's ability to ringfence and prudently use the mineral revenues from copper mining in building productive capacities remains elusive. Instead recurrent consumption expenditure demands dominate the fiscal landscape and the agenda of the fiscal authorities.

By all measures, poverty in Africa as a whole has increased and deepened. But in fact, Africa contains a number of undocumented success stories of poverty reduction. This book presents case studies of thirteen of these success stories, giving grounds for some real hope, and providing useful learning for all ? policymakers, governments, businesses, service providers, NGOs, and donors.

Konferenzbeiträge zur Strukturanpassungspolitik von Weltbank und Internationalem Währungsfonds. Neben Erfahrungsberichten aus Tansania, Kenia, Ghana und den Philippinen enthält der Band Stellungnahmen von Vertretern der Weltbank und von UNICEF. Die Beiträge beschäftigen sich insbesondere mit den sozialen Folgen der Strukturanpassungspolitik

Frontmatter -- CONTENTS -- List of Figures -- List of Tables -- Acknowledgments -- Foreword -- Introduction -- PART I DEBT CRISIS IN THE THIRD WORLD -- Chapter 1 The Outlook for Development -- Chapter 2 External Shocks, Adjustment, and Income Distribution -- Chapter 3 Losers Pay Reparations, Or How the Third World Lost the Lending War -- PART II THE DEBT CRISIS AND COMMERCIAL BANKS -- Chapter 4 Background to the Debt Crisis: Structural Adjustment in the Financial Markets -- Chapter 5 Safe Passage Through Dire Straits: Managing an Orderly Exit from the Debt Crisis -- PART III STRUCTURAL ADJUSTMENT: SOLUTION OR PART OF THE PROBLEM -- Chapter 6 World Bank-Supported Adjustment Programs -- Chapter 7 Assessing Structural Adjustment Programs: A Summary of Country Experience -- Chapter 8 Undervaluation, Adjustment, and Growth -- Chapter 9 Old Wine in New Bottles: Policy-Based Lending in the 1980s -- PART IV STRUCTURAL ADJUSTMENT: IMPACT IN THE THIRD WORLD -- Chapter 10 Social Costs of Adjustment in Latin America -- Chapter 11 Political Change and Economic Policy in Latin America and the Caribbean in 1988 -- Chapter 12 The Demise of the Labor Aristocracy in Africa: Structural Adjustment in Tanzania -- PART V SEEKING A SOLUTION -- Chapter 13 Facing the Realities of the Debt Crisis -- Chapter 14 From Adjustment with Recession to Adjustment with Growth -- Chapter 15 From Adjustment and Restructuring to Development -- Chapter 16 Is to Forgive the Debt Divine? -- Chapter 17 Foreign Lending at the Brink -- Bibliography -- Index -- About the Contributors -- About the Editor