Structural Adjustment in Africa: a Failing Grade So Far

The success of World Bank policy has recently been proclaimed in Adjustment in Africa: reforms, results, and the road ahead (New York, published for the World Bank by Oxford University Press, 1994), which maintains that the Bank's macro-economic policies have improved economic performance, and that, in general, the greater the degree of implementation, the better the results. My review of this policy research report is intended to show that the presented data fail to support this claim and even bolster the contrary thesis.