scholarly journals Wpływ międzynarodowych instytucji finansowych na sytuację gospodarczą krajów najsłabiej rozwiniętych

2019 ◽  
Vol 19(34) (3) ◽  
pp. 57-66
Author(s):  
Jakub Kraciuk

The aim of the study was to show the impact of the activities of the International Monetary Fund and the World Bank on the economic situation of the least developed countries in sub-Saharan Africa. It was found that the operation of these organizations in accordance with the principles of the Washington consensus did not bring the expected results, and the credit aid of IMF and World Bank increased debt, but did not contribute to a significant GDP growth per capita in the analyzed countries. Therefore, it is necessary to change the rules of operation of international financial institutions towards least developed countries. The proposed adjustment programs are to generate economic growth, which will be subordinated to the needs of societies, and the choice of economic and social policy options should be adapted to the conditions of a given country.

1988 ◽  
Vol 26 (3) ◽  
pp. 473-493 ◽  
Author(s):  
J. B. Knight

South Africa has neither a developed nor a typical underdeveloped economy. Too often it has been wrongly classified, along with, say, Australia and New Zealand, as one of the peripheral developed countries, because only a part of the economy and population have the characteristics we associate with that group. Yet its economy is distinctly different from others in sub-Saharan Africa. South Africa falls squarely into the category which the World Bank classifies as ‘upper middle-income’ developing economies, with G.N.P. per capita in 1982 ranging from $2,000 to $7,000 and averaging $2,500, thereby including South Africa, with $2,700.1 (By contrast, Kenya's G.N.P. per capita was $400 and Britain's $10,000). The World Bank's group includes Algeria, Argentina, Brazil, Chile, Mexico, South Korea, Venezuela, and Yugoslavia. South Africa shares many structural economic characteristics with these semi-industrialised countries.


2017 ◽  
Vol 47 (6) ◽  
pp. 754-764 ◽  
Author(s):  
Samuel Ayofemi Olalekan Adeyeye ◽  
Abiodun Omowonuola Adebayo-Oyetoro ◽  
Hussaina Kehinde Tiamiyu

Purpose This paper aims to examine the concept of poverty and malnutrition in Africa, implications and the way out. Design/methodology/approach Several literatures were reviewed on the causes, modes, implications and solutions to the contemporary challenges of poverty and malnutrition in Africa. Findings Poverty and malnutrition are two sides of a coin that are ravaging the African continent. These were as a result of underdevelopment, maladministration and lack of focus and vision by the generations of leaders saddled with administration in different African countries. Poverty in Africa embraces lack of basic human needs faced by people in African society. Many African nations are very poor, and their income per capita or gross domestic product per capita fall toward the bottom of list of nations of the world, despite a wealth of natural resources. In 2009, according to United Nations (UN), 22 of 24 nations identified as having “Low Human Development” on the UN’s Human Development Index were in sub-Saharan Africa and 34 of the 50 nations on the UN list of least developed countries are in Africa. The UN Food and Agriculture Organization estimates that 233 million people in sub-Saharan Africa were hungry/undernourished in 2014-2016 (its most recent estimate). In total, 795 million people were hungry worldwide. According to the World Bank, sub-Saharan Africa was the area with the second largest number of hungry people, as Asia had 512 million, mainly due to the much larger population of Asia when compared to sub-Saharan Africa. World Bank also reported in 2012 that sub-Saharan Africa Poverty and Equity Data was 501 million people, or 47 per cent Poverty has also been reported as the principal cause of hunger in Africa and the principal causes of poverty have been found to be harmful economic systems, conflict, environmental factors such as drought and climate change and population growth. Originality/value This study examined the concept of poverty and malnutrition in Africa, the implications and the way out.


1986 ◽  
Vol 24 (3) ◽  
pp. 519-527 ◽  
Author(s):  
Trevor W. Parfitt ◽  
Stephen P. Riley

At the October 1985 meeting in Seoul of the International Monetary Fund and the World Bank, African delegates insisted that ‘the economic situation is the worst in recent history’.Indeed, it is now widely accepted that the states and peoples of sub-Saharan Africa are in the midst of a crisis of unprecedented magnitude that has been caused by both short-term and long-range factors. Domestic food production has been declining, whilst food imports have increased, and this has exacerbated the televised disasters of drought and famine. The recession in western countries has led to a decline in the external demand for African primary products. Export volumes and values have decreased overall, producing significant fiscal problems, and the resulting foreign-exchange shortages have meant industrial stoppages, an inability to replace infrastructures, and a decline in the gross domestic product.


VUZF Review ◽  
2021 ◽  
Vol 6 (4) ◽  
pp. 58-69
Author(s):  
Georgi Momchilov

According to historical climatology, climate and climate change have always had an impact on human society. Anthropological climate change is happening fast and will indisputably affect the global economy for decades to come. This paper provides a review of the expectations of leading economists and organisations on the magnitude of this effect. It clarifies the different approaches used to quantify the future economic loss attributed to climate change. Despite the different approaches used, all the authors examined in the paper foresee a negative impact of the climate change on the global economy. The different approaches result in different predictions about the magnitude of the impact. The authors express similar positions about the geography of the damages that will be caused by the climate change. The most affected countries will be most likely those in Sub-Saharan Africa and South Asia. A moral paradox arises that the least developed countries that are not at fault for anthropogenic climate change will have to carry the economic burden of its consequences.  The paper also suggests and compares a variety of measures that could be taken in order to adopt to and mitigate the negative impacts of climate change on the economies.


1992 ◽  
Vol 30 (1) ◽  
pp. 53-68 ◽  
Author(s):  
J. Barry Riddell

International economics and global politics are unfamiliar territory for many. However, the operations of institutions such as the World Bank and the International Monetary Fund (I.M.F.) have profound impacts upon the countries with which they treat, and these extend beyond financial issues and geo-politics. This article indicates how the I.M.F. has imposed ‘conditionalities’ in sub-Saharan Africa as integral elements of Structural Adjustment Programmes (S.A.P.s) that affect not only the lives of all the inhabitants, but also the nature and landscapes of the nations concerned — their very geographical composition.


2003 ◽  
Vol 42 (2) ◽  
pp. 167-169
Author(s):  
Samina Nazli

Raising the standards of literacy in the developing world has been a major goal of the less developed countries since most of them became independent in the process of decolonisation that followed World War II. The Human Development Report 2004, brought out by the United Nations Development Programme lists some major improvements in increasing literacy levels of a number of countries between the year 1990 and 2002. For example, low human development countries like Togo increased their adult literacy rates from 44.2 percent in 1990 to 59.6 percent in 2002. Congo saw an increase in its literacy rate for the same period from 67.1 percent to 82.8 percent. The rates for Uganda, Kenya, Yemen, and Nigeria are 56.1 percent and 68.9 percent, 70.8 percent and 84.3 percent, 32.7 percent and 49.0 percent, and 48.7 percent and 68.8 percent respectively. If one examines the breakdown by region, the least developed countries as a group saw an increase in their adult literacy rates from 43.0 percent to 52.5 percent, the Arab states from 50.8 percent to 63.3 percent, South Asia from 47.0 percent to 57.6 percent, Sub-Saharan Africa from 50.8 percent to 63.2 percent and East Asia and the Pacific from 79.8 percent to 90.3 percent. If we look at the increase in the levels of literacy from the perspective of medium human development and low human development, the figures are 71.8 percent and 80.4 percent, and 42.5 percent and 54.3 percent, respectively.


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