Politics of Economic Restructuring and Democracy in Africa

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A01=Obioma M. Iheduru
Author_Obioma M. Iheduru
Category=JPHV
Category=KCM
Category=KCP
Economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
eq_society-politics

Product details

  • ISBN 9780313308338
  • Publication Date: 30 Jun 1999
  • Publisher: Bloomsbury Publishing Plc
  • Publication City/Country: US
  • Product Form: Hardback
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In a bold attempt to develop an innovative theory of political change arising from dual economic and political transformations, Iheduru maintains that economic structural adjustment policies have unintended political consequences, leading to democratic liberalization in post-colonial African states. Using classical, dependency, and neoliberal approaches as a backdrop, he demonstrates that structural adjustment policies shaped by conditionality measures foster the operation of free-enterprise market forces. As a social consequence of the reform effort, winners and losers organize to protect their interests, first in the economy and later in the political arena. Thus the structural reorientation of African economies leads not only to the ascendancy of the market and economic growth but also to the political opening of the African state, thereby facilitating the participation of excluded groups.

In conclusion, Iheduru predicts that structural adjustment is the best policy alternative for initiating and sustaining meaningful economic changes in Africa. Moreover, he claims, it may be a deciding factor in the possible democratizing of the African continent, which would provide an auspicious atmosphere for a properly functioning market economy.

OBIOMA M. IHEDURU is Assistant Professor of Political Science at Fort Valley State University./e His research interests include economic and development policy, comparative political economy, public management, and privatization and democratization with a regional focus on Nigeria and Africa.

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