Failure of Structural Adjustment Programmes in Sub-Saharan Africa: Policy Design or Policy Implementation?
Journal Title: Journal of Empirical Economics - Year 2014, Vol 3, Issue 5
Abstract
World Bank/International Monetary Fund adjustment programmes prescribed for ailing Third World economies have been described as a failure. The aim of the article is to assess if the failure is due to the policies as designed by the World Bank/IMF. or as results of implementation by adjusting nations. Twenty peer review journal articles on SAP programmes from 1990 to 2005 covering varied SSA countries and regions, socio-economic needs, and many approaches form the data for the study. The publications are summarised and presented. The results are then discussed (1) to confirm or otherwise the failure; and (2) to ascertain if the failure results from policy design or policy implementation. It is found that SSA is integrated into the global economy as a result of SAPs; needs assessment are rarely conducted before programme prescriptions; there is lack of commitment from governments of adjusting nations; and adjustment programmes are unable to „adjust‟ the ailing economies. it is concluded that SAPs have produced abysmal results signifying a failure, which is mostly attributed to policy design than policy implementation.
Authors and Affiliations
Nana Yaw Oppong
Keywords
Related Articles
- EP ID EP27384
- DOI -
- Views 311
- Downloads 11
Looking Into The Future: Which Economy Will Be Performing Better Circa 2060, India Or China?
Despite the politicization of Zimbabwe‟s Look East Policy- which apparently has been also adopted by a number of African countries, this policy is bound to bring a lot of economic gains for Zimbabwe and the continent a...
The Impact of HIV/AIDS on Relative Income Differential and Economic Growth in Nigeria: 1986-2010
This paper examines the burden of HIV/AIDS on income groups (upper and lower income earners) in Nigeria, its impacts on human capital development and economic growth. Income differential, the relative difference in inc...
The Resource Curse Hypothesis and Welfare: A Panel Data Analysis
The purpose of this paper is to empirically investigate the resource curse hypothesis. In our effort to do so, we extend on the existing literature by including welfare in our analysis. The choice of variables measuring...
Local Government Policy and Poverty in Indonesia
This paper intends to evaluate some local policy, by means of (1) to evaluate policy and public affairs, through three stages, a) what is the problem; b) What factors are causing the problem; and c) whether the policy...
On The Determinants of Credit Crunch in Italy: An Empirical Analysis on the Reasons Underlying This Phenomenon
The purpose of this paper is to investigate whether a credit crunch occurred in Italy during the recent financial crisis and to analyze the underlying factors. In order to disentangle credit supply and demand we specif...