The IMF and World Bank project have both negative and positive effects on a Nation’s. In this paper, the reader will be able to understand fully how the IMF and World Bank intervention project can affect a Nation if the funds that are meant for the development of that Nation are being mismanaged by the previous Leader. Finally, the reader will likewise see the negative impacts of corruption in a society. The IMF and World Bank Project and Its Negative Outcomes In 1965, a military coup d état led by General Mohamed Suharto took place in Indonesia that deprived them the possibility of shaping their own future. In February 1967, Indonesia officially returns to the fold of the IMF after the coup d état, 174 million dollars in aids was quickly
Herein lies the age old struggle of every country with vast wealth and resources but weak or struggling governments. South Africa is no stranger to this struggle. This is not to suggest, however, that the role of the IMF derives from some conspiracy - US or otherwise - against the peoples of the world - although
Economic activities in Ghana can be broadly categorized as primary, secondary and/or tertiary. All these types of economic activities are crucial to development of the country. The primary economic activities are those concern with the production of goods. The agricultural sector is one of the dominate sectors in Ghana. Most people especially those in the rural areas are involved in farming, fishing, animal husbandry among others.
His job is to help Ghana manufactures, particularly that involved in agriculture, to gain a bigger share of the international trade market. But there has been barriers made by the European Union that made the task more difficult. Where the local market cant compete against markets from other countries, for example United States, where Ghana markets are flooded and cant compete with subsidized American
Tour operators can be selected to target a certain desire markets that can be helped by the necessary materials needed to develop such a tourism market segment that will include pictures, proper designed websites and the social media. The Ghana tourism industry can encourage both the private and public sector marketing groups to put more effort on the sales of tourism products. The combination of both the private and public institutions can effectively market Ghana as a leisure tourism destination and marketing scheme can be developed to share responsibilities to these two sectors. A special budget can be allocated for brand and market master plan. Based on the marketing plan, tourism products and service together with the tourism resources can be made available on the internet for potential tourists wishing to visit the destination to view and interact.
The land reform was one of the most important, if not the most crucial, step taken by the Chinese Communist Party in the struggle against feudalism. The aim of the reform was to take the land accumulated in the hands of the landlords and redistribute it to the poorer peasants (Fairbank 1992; Ladejinsky 1957; Liu 2006). The land belonging to rich peasants was not to be subjected to the confiscation and redistribution as the government wanted to preserve the rich peasant economy (Ladenjinsky 1957). The first task, however, was to divide the rural population into following classes: landlords, rich peasants, middle peasants, poor peasants and farmhands (Fairbank 1992; Kung 2008). The classification to the last three classes was not a cause of controversies, but the criteria for being classified as a landlord or a rich peasant were less clear.
Second, there is the need to qualify the kinds of urban places in the country if the current threshold of 5000 is maintained to compare trends from year to year. Cities are not only independent centers of concentrated human population and activity; they also exert a potent influence on the rural landscape. What are distinctive about the growth of cities in Ghana are the length of its historical extension and the geographic pervasiveness of its
Firstly, on analyzing the political aspect affecting the African diaspora, ideologies such as democracy and human rights are increasingly becoming catchphrases. Moreover with the introduction of the concept focalizing on individualism in Africa, major problems are to crop up due to the fact that mankind is somehow being prone to more concerned about one’s own success rather than the communal success that is to be beneficial as a whole to the society, hence causing corruption being rampant in the African region. Although many “modern states” (Held and McGrew, 2002) have been developed as “nation - states” (Held and McGrew, 2002), there has been a turn towards “monopoly of coercive power” that goes along in being beneficiary to Africa but however encompasses some negative consequences in the long
Agricultural activity has always been an important economic driver in Guyana, most significantly along the low coastal plain, along the coastline bordering the ocean and in between large rivers and waterways. It can be said then, that agricultural activity is very closely intertwined with the water environment. Pesticides, weedicides and fertilizers have been used in all agricultural activity primarily for better yields and profits, but this has also had negative effects of contributing to pollution of the water ways. This occurs through a combination of leaking, surface run off and disposal directly into the waterways (Abdullah and Bacchus). Mining over the decade grew larger and larger in size and scale, it is now one of the most important economic driving force in the economy of Guyana.
It would be rash for an impoverished country not to accept foreign aid as its sovereignty would diminish through poverty and inability to control economic and social discourse. Kanbur (1999: 23-24) argues that, governments fail to include the citizens or put the citizen’s needs, first. Many developing countries lack transparency, accountability, and public discussion that allow citizens to participate effectively in government activities. Kanbur’s point of departure reinforces this paper’s problem statement: foreign aid has been pumped into Africa for over five decades but why does Africa remain impoverished? It boils down to the unequivocal and self-inflicting mind-set of African leaders and donors,