AAS Economical

AAS Economical - casesinAfrica18:02 Introduction (re)

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Social economic Challenges + cases in Africa 18:02  Introduction:  interlinked social and economic challenges – (re)produced by political history  = colonialism, neo-colonialsm, imperialsm, on party rule, military rule, civil  wars, etc Problems- both the causes and consequences of one another 3 critical challenges SAP structural Asjustment Program Poverty Aids Africa’s Stuctual weaknesses and present-day crisis = Africa’s Incapactities Results: o Structual defiency o Vulnerability to external interventions Different Approaches Coloinalsm and its aftermath Beyond Colonialism Bade Onimode:  Problem of Africa is under-development both structual and historic Failture to transform inhertied stuctures of produciton consumption,  distribution opwer, instituion and values Problems Manivested in o Enviornemental degradation  o Relative population explosion
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o Famine o Shortage of food supply o Social unrest o Political decay and conflicts, o Economic and finiancial crisis, etc Economic Crisis Debt burden State bankruptcy Corruption State collapse Intervientoin  by international Finiance institutions (IFIs) in African State  economies Stuctual Adjustment Program (sap) Debt crisis and economic collapse (1980) – jsutification for intervention of  bretton woods instritutions IMF and Wolrd Bank- Stuctual Adjustment Program(SAP) for African  Countries Problems with balance of Payment IMF_ short term Stablization loans to ensure economic solvency wORL Bnatrimming of government bureacracies;nk long term loans probmote 
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AAS Economical - casesinAfrica18:02 Introduction (re)

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