“The battle for control of Madagascar underscored the devastating, long-lasting effect that political instability has on economic development. It not only reversed a promising economic turnaround, but, did grave damage to Madagascar’s (previously highly successful) efforts to secure dozens of foreign direct investments in textiles and low-tech manufacturing. To put the crisis in context, this report will examine Madagascar’s tumultuous politics since independence, the political situation of the past year, the economic reforms under way before the crisis, the damage caused by it, and prospects for the future economically, politically and regionally.”
