In This Review
The Implications of Conditionality: The International Monetary Fund and Africa

The Implications of Conditionality: The International Monetary Fund and Africa

By Fredoline O. Anunobi

University Press of America, 1992, 362 pp.

Professor Anunobi of Nigeria argues in some detail that the International Monetary Fund's emphasis on short-run stability inhibits the long-run growth of developing countries and damages their social fabric. Needless to say, his alternatives--for Nigeria and other countries--are also highly controversial.