Ofori, Eunice (2009): Structural Adjustments And Their Effects: Is There A Way Out For Africa?
Download (132Kb) | Preview
The IMF and World Bank have over the years gained a stronghold in African economic policies. This is mainly due to the borrowing and lending relationship between the continent and these sister organizations. This paper seeks to address the negative effects that the IMF imposed Structural Adjustment policies have on the struggling economies of African countries and propose a solution to this problem. The paper also seeks to explore possible alternatives to taking IMF, World Bank loans and gives examples of countries who have explored such options successfully.
|Item Type:||MPRA Paper|
|Original Title:||Structural Adjustments And Their Effects: Is There A Way Out For Africa?|
|Keywords:||International Monetary Fund (IMF); the World Bank(WB); Structural Adjustment Programs; loans.|
|Subjects:||F - International Economics > F3 - International Finance > F35 - Foreign Aid
F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems
H - Public Economics > H8 - Miscellaneous Issues > H81 - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
|Depositing User:||Eunice Ofori|
|Date Deposited:||16. Sep 2009 19:40|
|Last Modified:||12. Feb 2013 14:40|
Ann Pettifor. Debt is still the lynchpin: the case of Malawi. Jubilee, Supporting Economic Justice Campaigns Worldwide. 4th July 2002. http://www.jubileeresearch.org/opinion/debt040702.htm.
Anup Shah, Structural Adjustment—a Major Cause of Poverty.(Global Issues Social, Political, Economic and Environmental Issues That Affect Us All. http://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-poverty#WhatistheIMFWorldBankPrescription
Joseph Stiglitz. IMF’s Four steps to Damnation. The Observer. 2001. In an interview with Gregory Palast (Jubilee Research). 21st April 2001. http://www.jubileeresearch.org/analysis/articles/IMF_Four_steps_Damnation.htm
Mark Weisbrot. Wolfowitz and the Bank. Center For Economic and Policy Research. Posted June 11 2007. http://www.cepr.net/index.php/op-eds-&-columns/op-eds-&-columns/wolfowitz-and-the-bank/
Nigeria settles its Paris Club debt. BBC news.Last Updated: Friday, 21 April 2006.http://news.bbc.co.uk/2/hi/business/4926966.stm
Rebecca J. Cook. Human Rights of Women.1994. Pages 423-424. Online version: http://books.google.com/books?id=62VLTiwTGg0C&pg=PA423&lpg=PA423&dq=negative+effects+of+structural+adjustment+programs+in+Ghana&source=web&ots=IBO5E85GvM&sig=AiaFp6AyDKr5KSdm1EIBEtEBRQQ&hl=en&ei=vqGFSfv8Nc-_kAWbi5i7Aw&sa=X&oi=book_result&resnum=1&ct=result#PPA424,M1
Robin Hanhel, Panic Rules!, (South End Press, 1999) p. 52 http://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-poverty#WhatistheIMFWorldBankPrescription Stephen Lendman. An Alternative To IMF And World Bank Dominance - The Bank of the South. 29th October 2007.http://www.rense.com/general78/nbank.htm.
UNESCO,International Labor Organization and UNICEF