How Did External Debt And / Or Remittances Impact The Politico Economic Development Of Sub Saharan Africa?

How Did External Debt And / Or Remittances Impact The Politico Economic Development Of Sub Saharan Africa?

Length: 1261 words (3.6 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

For this essay, my general area of investigation will be surrounding the impacts of colonization, as well as the process of decolonization on developing nations; namely, those in Sub-Saharan Africa. Furthermore, this paper will look into The World Bank, the IMF (International Monetary Fund), SAPs (Structural Adjustment Programs), and more institutional implementations within the continent of Africa that ultimately lead to a colossal number of remittances. This area of research is personally interesting to me as a first generation immigrant and child of the diaspora, wherein the aftereffects of colonialism and neo-colonialism are still felt.
My central research question for this paper will be as follows: How did external debt and/or remittances impact the politico-economic development of Sub-Saharan Africa?
This research topic is deeply involved with the subject matter of POLISCI 2J03. From the “founding of a Christian Kingdom” in African nations, followed by the beginning of the “continents…number of different political economies linking together through trade”, and more, it becomes evident the relation of this research to this particular course (O’Brien, Williams, 145). Additionally, on page 57 of the course textbook, the section entitled Along Africa, discusses how poverty and slavery actively played into the “horrendous economic activity” known as the Transatlantic Triangular Trade, wherein many African peoples were traded in exchange for European goods. This marked the beginning of the impact that colonialism had on the continent of Africa, as well as the relationship and power dynamics inculcated in the race rela...

... middle of paper ...

...ican countries from 1990 to 2000 shows that the IMF 's loans-for-reform contract lacks credibility because donor countries intervene to prevent rigorous enforcement. Countries that have influence with developed-country patrons-as measured by U.S. foreign aid, membership in postcolonial international institutions, and voting profiles in the UN-are subject to less rigorous enforcement (shorter program suspensions).

10) Stein, H. (1992). Deindustrialization, adjustment, the World Bank and the IMF in Africa. World Development, 20(1), 83-95. Chicago.

The paper attempts analyze the World Bank/IMF model of industrial adjustment, ultimately finding a number of serious deficiencies in the model, including weaknesses in its methodological foundation, inconsistencies in the components, and impediments linked to structure and class that will constrain the adjustment process.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »