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Bretton woods SAPs and African crises, a déjà vu: seeking radical political economy critiques and alternatives 
Carlos Castel-Branco (Lisbon School of Economics and Management (ISEG/CEsA))
Carlos Muianga (SOAS, University of London)
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Carlos Muianga (SOAS, University of London)
Ana S. Ganho (CESA, Universidade de Lisboa)
Economy and Development (x) Futures (y)
Neues Seminargebäude, Seminarraum 14
Saturday 3 June, -, -
Time zone: Europe/Berlin

Short Abstract:

The World Bank-IMF SAPs are returning to Africa. We invite papers that provide critical historical narratives or alternative theoretical frameworks for analysis of African crises and economic reforms and policy alternatives, with heterodox theoretical foundations in radical political economy.

Long Abstract:

The World Bank and the IMF are returning to structural adjustment and stabilization programs (SAPs) in Africa to deal with socioeconomic crises that are popping up everywhere. The current SAPs are similar to those adopted in the 1980s, focusing on fiscal, social and monetary austerity, with no room for real socioeconomic transformation away from commodity export dependence, and with implications for the structure and redistributive role of tax policies, social expenditure, the tendency for commodification and financialization of social services, tight monetary policies and withdrawal of the State from active industrial strategies. Keynesian and post-Keynesian critiques of the SAPs raise important arguments against austerity and free market fundamentalism but provides only a narrow and superficial focus for policy analysis and alternatives and neglect the analysis of historically structured class dynamics of accumulation and social reproduction.

We invite papers that provide detailed and critical historical narratives and/or alternative theoretical frameworks for analyses and policy development, with sound, creative and heterodox theoretical foundations in radical political economy, analysing the cycles of crises and the role of the SAPs or other policy reforms. Particular emphasis may be placed on the dynamics and crises of production and social reproduction revolving around some of the key questions in the political economy of Africa’s development, including those related to social reproduction and labour relations, agriculture, industry, finance and financialization, commodity dependence, private investment, sovereign debt and the role of the state.

Accepted papers:

Session 1 Saturday 3 June, 2023, -
Session 2 Saturday 3 June, 2023, -