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Home > Business and Economics > Economics > Development economics and emerging economies > Peace without Profit: How the IMF Blocks Rebuilding in Mozambique(African Issues)
Peace without Profit: How the IMF Blocks Rebuilding in Mozambique(African Issues)

Peace without Profit: How the IMF Blocks Rebuilding in Mozambique(African Issues)


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About the Book

This book argues that following the dictates of the IMF/World Bank has prevented Mozambique from rebuilding itself, and asks whether aid can ameliorate the distortions imposed by these organizations. The author explains the donorcase, and considers what lessons there are for other African countries which must follow Mozambique's experience - Liberia, Rwanda, Zaire, Somalia, Sudan and Angola. Where is the boom which should have followed the end ofMozambique's war? Can aid ameliorate the distortions imposed by the IMF JOSEPH HANLON has published a number of influential and provocative books on Mozambique Published in association with the International African Institute

Table of Contents:
Part One Present position: return to 1973 and colonial economic relations; lost in Bretton Woods; the power of the global superstate; there are alternatives. Part Two Intractable contradictions: stabilization versus rebuilding; donor rhetoric versus donor actions; greed versus need. Part Three: What way forward?: donors could practise what they preach, but they won't; who benefits?; can Mozambique be allowed its own vision?

Review :
The Mozambique news agency AIM reported that on a visit to Mozambique in February 1997 the World Bank president, James Wolfensohn 'had friendly words to say about one of the harshest critics of the Bank's policies towards Mozambique, writer and journalist, Joseph Hanlon, whose latest book Peace without Profit is a scathing indictment of IMF and World Bank operations. 'Some of Hanlon's criticisms I have taken to heart', said Wolfensohn. The central argument of Hanlon's book is that the policies of the International Monetary Fund in Mozambique are the main factor hampering reconstruction and development...The much touted peace dividend, illusory everywhere since the end of the Cold War, certainly has been absent in Mozambique. Hanlon's goal...is to bring Mozambique at least one step closer to realizing such a dividend by exposing the ill-conceived policies of the IMF. Seen in these terms, the book is a welcome addition to the burgeoning debate on the nature of post-war Mozambique and current development prospects. The language is engaging and Hanlon makes economic concepts easy to understand. And witnessing Hanlon chastise that paragon of monetarism and neo-liberalism, the IMF, for being bad capitalists is well worth the admission price. ... he does a very good job of combining his own interviews, thorough reading of the work of other researchers (including that of Mozambican scholars) and concise presentation of difficult ideas to construct a compelling sense of the senselessness of donors lining up behind IMF/World Bank conditionalities in Mozambique. ... it looks set to play a significant part in debates about the course of Mozambican politics and development. Like his earlier work, Peace without Profit eschews academic analysis for a readable and polemical journalism. Straightforward and easy to read...


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Product Details
  • ISBN-13: 9780852558003
  • Publisher: James Currey
  • Publisher Imprint: James Currey
  • Height: 216 mm
  • No of Pages: 192
  • Sub Title: How the IMF Blocks Rebuilding in Mozambique
  • Width: 138 mm
  • ISBN-10: 0852558007
  • Publisher Date: 16 Dec 2003
  • Binding: Paperback
  • Language: English
  • Series Title: African Issues
  • Weight: 666 gr


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Peace without Profit: How the IMF Blocks Rebuilding in Mozambique(African Issues)
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