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From Conflict to Recovery in Africa$
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Tony Addison

Print publication date: 2003

Print ISBN-13: 9780199261031

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199261031.001.0001

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Angola’s Incomplete Transition

Angola’s Incomplete Transition

Chapter:
(p.124) (p.125) 8 Angola’s Incomplete Transition
Source:
From Conflict to Recovery in Africa
Author(s):

Renato Aguilar

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199261031.003.0008

This chapter focuses on Angola's difficulties in achieving macroeconomic stability and economic liberalization. It begins with a brief overview of Angola's economy and the country's economic transition, and examines the reasons for the repeated breakdown of reform programmes. It then discusses the roots of macroeconomic disequilibrium and the origin of this in the power of vested interests. It also discusses the difficulties encountered in financial reform, including the creation of a private banking system. The implications for private-sector development and the power of the oligopolies are also discussed. The chapter concludes by contrasting the interaction of economic reform and war in Angola and Mozambique.

Keywords:   Angola, macroeconomic stability, economic liberalization, economic transition, macroeconomic disequilibrium, financial reform, private banking, oligopolies, economic reform, Mozambique

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