Economic Stagnation in Sub-Sahara Africa and Breaking the Implicit Bargain

1997 ◽  
Vol 25 (1) ◽  
pp. 32-34
Author(s):  
James J. Hentz
Keyword(s):  
Economic Reform ◽  
Financial Institutions ◽  
Structural Adjustment ◽  
International Financial Institutions ◽  
Structural Adjustment Programs ◽  
Economic Stagnation ◽  
Adjustment Programs

Economic stagnation in most of Sub-Sahara Africa is so persistent that “afro-pessimism” has gone from a term of art to common usage. Africa is entering its second decade of economic reform through neoliberal Stabilization Programs (STABs) and Structural Adjustment Programs (SAPs). There is little evidence that these reforms work. Africa is largely to blame, but so too are the logically flawed structural adjustment programs propagated by the International Financial Institutions (IFIs).

scholarly journals Foreign Lending Dilemma and Poverty in Pakistan, India and Bhutan: A Panel Data Analysis

2017 ◽  
Vol 3 (1) ◽  
pp. 39-46
Author(s):  
Mariam Abbas Soharwardi ◽  
Hina Ali ◽  
Mujahid Ali
Keyword(s):  
Developing Countries ◽  
World Bank ◽  
Structural Adjustment ◽  
Poverty Reduction ◽  
Panel Data Analysis ◽  
Bank Lending ◽  
Structural Adjustment Programs ◽  
Foreign Lending ◽  
The Impact ◽  
Adjustment Programs

Purpose: In developing countries foreign lending becomes a problem now a day instead of spend this lending for the development purposes. Ultimately this problem causes poverty in these countries where usage of foreign lending is not in proper ways. The purpose of this study is to investigate the impact of IMF and World Bank lending on poverty in Pakistan, India and Bhutan. In this study corruption, GDP, unemployment, secondary enrolment, and external debt are used as independent variables and poverty headcount ratio as dependent variable. Study finds out the relationship of corruption, unemployment and external debts with poverty and showing the positive relationship while secondary enrolment and GDP showing negative relation with poverty. Moreover study finds out that lending of IMF and WORLD BANK mostly causes poverty in these developing countries instead of reducing poverty because of corrupt government's weak policies for the distribution of loans. It is examined that the countries with strong policies and non-corrupt government can take full advantage of these lending for poverty reduction. But it is noticed that the countries which are the members of IMF structural adjustment programs are facing more poverty problems as compare to those countries which are not involved in these programs or even have less numbers of lending. Those countries are much better than the countries involve in structural adjustment programs.

New Labor Dynamics of Global Public Finance System

2019 ◽  
pp. 65-73
Author(s):  
Hakan Ulucan
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
World Bank ◽  
Child Labor ◽  
Structural Adjustment ◽  
Convincing Evidence ◽  
Structural Adjustment Programs ◽  
Labor Dynamics ◽  
Global Financial System ◽  
Adjustment Programs

This chapter examines the effects of structural adjustment programs designed under the supervision of IMF and World Bank on labor markets. These leading financial institutions are part of global financial system and they finance countries. In return, the countries satisfy the requirements imposed by IMF and World Bank. The requirements imposed by IMF and World Bank includes devastating measures for labor market, including privatization, deregulation of labor market, and flexibilization. There is convincing evidence that structural adjustment programs slowdown economic growth so hurts employment. Besides, the labor markets started to be constituted by unsafe work places without rules as a result of deregulations and flexibilizations. Most of the workers lost social security and workplace security. Feminization, child labor, increasing work incidents are the main severe results of the policies designed under pressure of IMF and World Bank on labor market.

18. Globalization, Development, and Security

2015 ◽  
Author(s):  
Nana K. Poku ◽  
Jacqueline Therkelsen
Keyword(s):  
Case Studies ◽  
Economic Crisis ◽  
Financial Institutions ◽  
Structural Adjustment ◽  
Developing World ◽  
Global Scale ◽  
International Financial Institutions ◽  
Neoliberal Ideology ◽  
Structural Adjustment Programmes ◽  
Harmful Effects

This chapter explores the interrelationships between globalization, development, and security. It shows how globalization, as a neoliberal ideology for development promoted by key international financial institutions, deepens inequality between and within nations on a global scale. This exacerbates global insecurity through a growing sense of injustice and grievance that may lead to rebellion and radicalization. The chapter first considers the neoliberalism of globalization before presenting the case for conceptualizing globalization as a neoliberal ideology for development. It then discusses the legacy of structural adjustment programmes and the harmful effects of neoliberal ideology on societies, particularly across the developing world. Finally, it looks at two case studies to illustrate the link between uneven globalization and global insecurity: the Egypt uprising of 2011 and the Greek economic crisis of 2010.

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