Thesis (Ph. D.)--University of California, Santa Barbara, 1991. / Includes bibliographical references (p. 153-156).

Thesis (Ph. D.)--University of Texas at Austin, 1992. / Vita. Includes bibliographical references (leaves 257-270).

Thesis (M.A.)--University of Central Florida, 2009. / Adviser: Ezekiel Walker. Includes bibliographical references (p. 77-83).

African economies, including Nigeria continued to perform poorly despite the adoption of economic policy reforms in the 1980s. An explanation for the failure of economic policy reforms was therefore sought from an institutional perspective. Since active state intervention in the economy was the rationale given for the economic crisis of developing countries, the conventional case for an active state which rested on the need to correct for market failure was counterposed with the argument that the economy was best coordinated by market forces given that the state was not benevolent, omniscient or omnipotent. However, the state has played an important role in the transformation of late developers while a state-market dichotomy takes no account of institutional factors. The widespread adoption of economic policy reforms owed more to an ideological shift in the development paradigm than to the debt crisis and there was a great deal of controversy about the theoretical foundations and impact of these reforms contrary to claims of a consensus. An institutionalist political economy which recognises that the market is not the only institution and that economic transformation requires the positive use of political power was proposed. Such an approach takes account of history, politics and the institutional diversity of capitalism. A more nuanced view of state intervention was therefore advocated. The importance of institutional arrangements in the quest for economic transformation underscored the inadequacy of structural adjustment which was hampered by the lack of price and institutional flexibility as well as other institutional constraints. The Nigerian experience of structural adjustment shows that long term growth prospects were not enhanced and that the reforms tended to favour the financial sector over the real sector. The failure of economic policy reforms in Nigeria can be attributed to the continued presence of constraining institutional factors and the absence of a positive use of political power. / Economics / D. Comm. (Economics)

African economies, including Nigeria continued to perform poorly despite the adoption of economic policy reforms in the 1980s. An explanation for the failure of economic policy reforms was therefore sought from an institutional perspective. Since active state intervention in the economy was the rationale given for the economic crisis of developing countries, the conventional case for an active state which rested on the need to correct for market failure was counterposed with the argument that the economy was best coordinated by market forces given that the state was not benevolent, omniscient or omnipotent. However, the state has played an important role in the transformation of late developers while a state-market dichotomy takes no account of institutional factors. The widespread adoption of economic policy reforms owed more to an ideological shift in the development paradigm than to the debt crisis and there was a great deal of controversy about the theoretical foundations and impact of these reforms contrary to claims of a consensus. An institutionalist political economy which recognises that the market is not the only institution and that economic transformation requires the positive use of political power was proposed. Such an approach takes account of history, politics and the institutional diversity of capitalism. A more nuanced view of state intervention was therefore advocated. The importance of institutional arrangements in the quest for economic transformation underscored the inadequacy of structural adjustment which was hampered by the lack of price and institutional flexibility as well as other institutional constraints. The Nigerian experience of structural adjustment shows that long term growth prospects were not enhanced and that the reforms tended to favour the financial sector over the real sector. The failure of economic policy reforms in Nigeria can be attributed to the continued presence of constraining institutional factors and the absence of a positive use of political power. / Economics / D. Comm. (Economics)

published_or_final_version / Transport Policy and Planning / Master / Master of Arts

Thesis (Ph. D.)--Clark Atlanta University, 1991. / Includes bibliographical references (leaves 341-355).

published_or_final_version / Business Administration / Master / Master of Business Administration

This research is aimed at assessing SADCC in relation to the degree to which it has accomplished its own aims, regional economic integration and reduction of dependency. The study has relied on and used the dependency theory which holds that the development in a peripheral capitalist system is a continuous process of dispossessing the less developed countries of their raw materials in favor of maintaining the advancement of the capitalist countries. In short, neo-colonial dependence view of underdevelopment attributes a large part of the Third World's continuing and worsening poverty to the existence and policies of the industrial capitalist and socialist countries and their extensions in the form of small but powerful elite groups in the less developed countries. The research came with the following findings and conclusions. That SADCC countries have been integrated into the capitalist system due to the European colonization. That despite the efforts of SADCC and their proclaimed goals of economic integration and self-reliance, the SADCC region has not reduced dependency but rather there is a new dependency on other external countries. SADCC's committed strategies have not produced self-reliance and economic integration in the region due to the structure and activities of SADCC. In order to correct this imbalance and dependency, few options are possible. SADCC should embark upon the socialist mode of development because socialist methods will diminish the degree of dependency as in the case of Cuba. Intra-regional trade should be encouraged to bring about some form of transaction flows and economic integration. Establish appropriate ways of encouraging agricultural productivity in order to alleviate the shortage of food problems in the region and adopt capital accumulation methods.

Countries in southern Africa have been implementing economic liberalisation policies for over two decades, with the aim of reversing years of economic decline. This process of economic liberalisation has been largely been influenced by the International Monetary Fund (IMF) and the World Bank policy prescription. While the developed world has been piling pressure on countries in the Sub-Saharan region to integrate their national economies into the global economic, different countries have responded differently in opening up their economies. For some, the new economic policy regime has entailed a shift from a state-run economy and focusing more on a free market economy. While some countries have taken a cautious approaching to economic liberalisation, Zambia went for rapid liberalisation, which has led to negative social consequences on employment and the livelihoods of the working class. Through the adoption and implementation of labour market flexibility policies, Zambia and other countries in the region have seen an upswing in new forms of employment such as casual labour, subcontracting and temporary employment, which have no protection and have exposed workers to exploitation. Employment levels have also dropped as the capitalist investors shed off massive numbers of workers in order to reduce labour costs. Local manufacturing industries, in most cases, have been forced to close down and lay-off workers due to unfair competition with cheap imported goods. Liberalisation in developing countries in general and southern Africa in particular, has entailed weakening the role of the state in national economic management. Governments are increasingly succumbing to the dictates of multinationals and are failing to enforce regulatory measures needed to protect the welfare of workers and their working conditions.