This book aims to analyze Lesotho's prospects for economic advancement, and examines the influence of the policies and economic development of South Africa on Lesotho's own potential for development.

After decades of economic decline and potential instability, the Southern African region has engaged in a process of rapid and far-reaching political and economic changes. This development has been reinforced by South Africa's transition from apartheid, a transition which has created optimistic expectations not only for that country but also for the southern African regions as a whole. This book brings together academics in the field to present a review of the prospects for economic integration and development in Southern Africa, and to analyse alternative strategies and policies for the future. The volume is divided into three parts. The first section discusses economic policy in contemporary South Africa, and focuses on the many and diverse problems facing the new government. Part Two examines the issues of regional integration and structural adjustment that have been promoted simultaneously as two separate and complementary facets of the revival and acceleration of development.