Abandoning structural adjustment in Nigeria

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Abstract

Using the case of Nigeria as an example, this essay criticizes the neo-liberal approach to economic development promoted in World Bank and International Monetary Fund structural adjustment programs. In contrast to the neo-liberal approach wherein government involvement is minimal, the author argues that the Nigerian government should continue its privatization policy, but at the same time follow the East Asian model and intervene strongly in the market by proposing strategic industrial policies and directing the private sector, including the privatized enterprises to implement them. -Author

Original languageEnglish (US)
Pages (from-to)75-88
Number of pages14
JournalTransAfrica Forum
Volume9
Issue number3
StatePublished - Jan 1 1992
Externally publishedYes

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ASJC Scopus subject areas

  • Geography, Planning and Development

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