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Development and the Debt Trap: Economic Planning and External Borrowing in Ghana [Minkštas viršelis]

  • Formatas: Paperback / softback, 180 pages, aukštis x plotis: 234x156 mm, weight: 272 g
  • Serija: Routledge Library Editions: Development
  • Išleidimo metai: 12-Sep-2014
  • Leidėjas: Routledge
  • ISBN-10: 0415848350
  • ISBN-13: 9780415848350
  • Formatas: Paperback / softback, 180 pages, aukštis x plotis: 234x156 mm, weight: 272 g
  • Serija: Routledge Library Editions: Development
  • Išleidimo metai: 12-Sep-2014
  • Leidėjas: Routledge
  • ISBN-10: 0415848350
  • ISBN-13: 9780415848350

Ghana is one of the earliest and most serious examples of the build up of foreign debt by a developing country to support its policies for economic growth. This study, first published in 1974 in conjunction with the Overseas Development Institute, analyses Ghana’s economy over twenty years and highlights the problems of the debtor/creditor relationship between developed and developing countries.

The study concludes with an assessment of the creditors’ contribution to Ghana’s critical debt position through their readiness to supply funds without adequately analysing the viability of the programmes they supported and through the repayment and interest terms they offered – terms which were too heavy for Ghana to meet.

Acknowledgements
1 Introduction
1(3)
2 The Root of the Problem: Economic and Political Conditions and Objectives in the Decade before Independence
4(29)
1 Strengths and weaknesses of Ghana's economy in the run-up to the 1951 elections
4(7)
2 The Ten-Year Plan of 1951: the government's response to economic discontent
11(6)
3 The evolution of Nkrumah's economic programme for independence
17(10)
4 Aid and foreign private investment up to independence
27(6)
3 The Transition from Financial Self-reliance to External Dependenc 1957--1961
33(26)
1 Preparations for Ghana's first post-independence Plan
33(3)
2 The formulation of the Five-Year Plan (1959-1964)
36(6)
3 The 1961 crisis and its effect on policy
42(5)
4 The forging of new links with suppliers of external resources
47(12)
i) Official aid from the West
47(2)
ii) The Volta River Project
49(4)
iii) Private foreign investment
53(1)
iv) East European loans
54(2)
v) Supplier credits
56(3)
4 The Plunge into Insolvency (1962--1965)
59(31)
1 Government control over the economy
59(2)
2 The formulation of the Seven-Year Plan (1964--70)
61(7)
3 The relationship between public investment, state enterprise and external finance
68(4)
4 External credits: origins, types, terms and uses
72(18)
i) Official aid from the West
72(6)
ii) Private foreign investment
78(2)
iii) Supplier credits and East European loans
80(10)
5 The Nkrumah Legacy
90(19)
1 Ghana's public finances, balance of payments and economy at the time of the coup
90(3)
2 Major changes in Ghana's economy between 1950--53 and 1962--5
93(13)
i) Employment and the supply of skills
93(3)
ii) Trends in domestic income and expenditure
96(1)
iii) Changes in the sectoral distribution of income
97(5)
iv) The growth of the public sector
102(2)
v) The balance of payments
104(2)
3 The hard-core problems left from the Nkrumah era
106(3)
6 Post-Nkrumah Efforts at Rehabilitation and Debt Settlement
109(32)
1 The programme of stabilisation under the NLC
109(7)
2 Economic reforms under the NLC and Busia administrations
116(6)
3 Efforts to reschedule the foreign debt
122(12)
4 Aid from the West
134(7)
7 Summary and Lessons
141(24)
1 Nkrumah's economic programme
141(2)
2 The debt
143(7)
Statistical Appendix
150(1)
1 Note on Ghana's statistics
150(1)
2 Currency and exchange rates
151(2)
3 Sources for Appendix and other Tables
153(12)
Index 165
Andrzej Krassowski