In the Shadow of South Africa: Lesotho's Economic Future FROM THE PUBLISHER
This book provides a historical background to the country's contemporary economic problems and analyzes in detail the growth, stability and structural adjustment problems of the country during the past three decades including how to create employment. The book examines the outlook of both traditional agriculture and livestock raising and nontraditional sectors, notably manufacturing, in the foreseeable future. It links Lesotho's economic performance to that of the dominant economy in the region: neighboring South Africa. It also analyzes the changes that are now taking place in the regional integration sectors in southern Africa and how these changes are likely to affect Lesotho.
About the Author:Mats Lundahl, Professor, Stockholm School of Economics, Sweden, Colin McCarthy, Professor, University of Stellenbosch, South Africa and Lennart Petersson, Associate Professor, University of Lund, Sweden
SYNOPSIS
Resource-poor Lesotho's unique position as a land-locked country surrounded on all sides by a richer and more powerful neighbor, South Africa, presents it with equally unique economic challenges. Lundahl (Stockholm School of Economics, Sweden), McCarthy (U. of Stellenbosch, South Africa) and Pettersson (Lund U., Sweden) present 10 chapters that look at current and historical economic problems faced by Lesotho. Major topics include the relationship between labor supply and educational attainment, agriculture and livestock raising, the place of unskilled labor, and the significance of trade with South Africa. Annotation ©2004 Book News, Inc., Portland, OR
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