Abstract

While external factors exacerbated underdevelopment, internal factors were probably the main causes of Guinea's troubles between 1958 and 1984. Guinea under military rule is profoundly affected by past economic and administrative mismanagement. With the assistance of international financial institutions, a stabilization and structural adjustment package is gradually bringing some balance to the economy. But austerity has bred new hardships, though of lesser magnitude than those of the preceding era. The government must balance public sentiment about increasing market prices for basic commodities against structural adjustment policy imperatives.

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