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Academic Term Papers Catalog AFRICAN DEVELOPMENT FAILURES.
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| 18085. AFRICAN DEVELOPMENT FAILURES. This paper examines the reasons why the Structural Adjustment Programs (SAPs) of the IMF and World Bank have been unsuccessful in helping sub-Saharan African nations attain economic development and globalization. The policies of the SAPs are compared with those of the successful "Newly Industrialized Countries" (NICs) of East Asia (particularly, South Korea, Taiwan, Hong Kong, and Singapore). The role of the state in development efforts is also considered. It is concluded that it is possible to develop a market-oriented approach to development that at the same time works toward the alleviation of poverty and economic inequalities. KEYWORDS: economic development failure sub-saharan africa international financial institutions globalization IMF world bank structural adjustment policies africa newly industrialized countries east asia. Written 2006. MLA Style. 15 pages, 32 footnotes, 8 bibliographic sources. 3,654 words. | $105 |
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