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The Structural Adjustment Implications of Real Exchange Rate Depreciation on the Manufacturing Sector in Zimbabwe

In: Constraints on the Success of Structural Adjustment Programmes in Africa

Author

Listed:
  • Joseph Muzulu

Abstract

Real exchange rate depreciation lies at the heart of structural adjustment and stabilisation programmes, particularly those supported by the IMF and the World Bank. Notwithstanding this, there is still considerable controversy surrounding the efficacy of exchange rate depreciation in fostering export expansion and improving resource allocation.

Suggested Citation

  • Joseph Muzulu, 1996. "The Structural Adjustment Implications of Real Exchange Rate Depreciation on the Manufacturing Sector in Zimbabwe," Palgrave Macmillan Books, in: Charles Harvey (ed.), Constraints on the Success of Structural Adjustment Programmes in Africa, chapter 3, pages 29-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24373-0_3
    DOI: 10.1007/978-1-349-24373-0_3
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