List of figures; List of tables; Introduction; I. The Theory of Controlled Open Economies: Compatible control regimes: Appendix: Compatible trade and fiscal policies: the model; Incompatible control regimes: Appendix: Monte Carlo experiments with the two-period model; the theory of a temporary windfall in a controlled economy; II. Two African Applications: An application to the Kenyan coffee boom of 1974-1983: Appendix 1: A narrative of macroeconomic events; Appendix 2: The computable general equilibrium model; An application to the Tanzanian economic decline of 1975-1984; Macroeconomic experience compared; Conclusion: And a manifesto; References; Index