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Toxic Aid - Economic Collapse and Recovery in Tanzania (Paperback)
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Toxic Aid - Economic Collapse and Recovery in Tanzania (Paperback)
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For many years Tanzania was the darling of international aid
agencies. During the 1970s it received more assistance per capita
than any other nation in the world. And yet, the economy performed
dismally: growth was negative, exports collapsed, and poverty
increased massively. In the mid-1980s, however, the international
community changed tack and developed an approach based on
conditionality and "program ownership". Since 1996 the country has
grown steadily, and social conditions have improved significantly.
This book provides an economic history of Tanzania since
independence in 1961. It covers the policies of African Socialism
and the Arusha Declaration, the collapse of the early 1980s, the
rocky relationships with the IMF, and the reforms of the 1990s and
2000s. This book shows that the relationship between foreign aid
economic is highly complex, and that the effect of foreign
assistance on poor countries performance depends on historical
circumstances, ownership of programs, and the involvement of the
local communities.
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