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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 July 2021

Angola’s Incomplete Transition

Angola’s Incomplete Transition

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

Renato Aguilar

Oxford University Press

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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