The 1900s was a time when developed nations flourished through the exploitation of the global south, creating a structure that places developed nations as the key players of the world. Although colonialism came to an end just after the Second World War, it gave birth to a new system called neoliberalism, which encompasses a new form of colonialism. This saw the introduction of transnational institutions such as the International Monetary Fund (IMF), World Trade Organization (WTO), and the World Bank. These institutions applied neoliberal policies with the goal of pursuing progress for the global south. These Policies were referred to as structural adjustment programs (SAPS). This paper will argue that neoliberal structural adjustment …show more content…
These policies were implemented in the Global South such as Ghana, who was one of the first African countries to undergo reforms under the Provision National Defence Council (PNDC) regime. The human development index is measurement used to assess countries based on three categories: life expectancy, education and gross national income per capita (UNDP, 2014,p. 2). According to the report by the Untied Nations Development Program, Ghana’s HDI value is ranked at 132 out of 187 countries in 2014. In a time period of 33 years from 1980 to 2013, Ghana’s HDI has been on a slow increase. Life expectancy increased by 8.8 years, years of schooling by 4.0 years and the GNI by 62.2 percent (UNDP, 2014, p. 2). Such increase in a period of 32 years can be seen as slow progress. In my opinion the introduction of structural adjustment policies have placed a blockade on Ghana hindering its human and social development. The government has been focused on repaying its debt to the IMF and World Bank to the point of where they have forgotten about the well being of its citizens.
Ghana after its independence in 1957 became the most prosperous country in Sub-Saharan Africa. Ghana’s main source of income was agriculture, which contributed to half of its GDP. With its rapidly
In early Africa, the kingdom of Ghana was prosperous due to the trade of salt and gold. Ghana’s location benefited it in many ways. First Ghana’s location allowed them to be the center of the Gold/Salt trade. Since salt was so valuable at the time, the people of Ghana were able to sell salt for gold throughout Africa, the Mediterranean Sea, and the Middle East. Ghana also made a lot of revenue from taxes on the Gold/Salt trade route. Since they were the center
The Women's Suffrage Movement historical analysis essay would be of an interest to the academic and unfamiliar audience. The writer, instructor and, classmates have a formal relationship together. They would review the writer's arguments, opinion, and position on the topic. The audience might know about the subject or at the same level as the writer.
A process of neoliberal restructuring has been going on in many parts of the world in recent decades. The belief that domestic and international liberalization, privatization, and cutbacks in public spending are the route to economic success is firmly lodged, despite the absence of supporting evidence. In the 1980s and early 1990s the fastest growing economies in the world – such countries as South Korea, Taiwan, China, Thailand, Malaysia, and Indonesia -- had institutions and policies that significantly departed from neoliberal prescriptions. The closest followers of the neoliberal agenda, such as the US since the late 1970s and the formerly Communist Party ruled states of Eastern and Central Europe since the end of the 1980s, registered economic performance ranging from poor to disastrous.
Ghana was not only self-sufficient from its trading economy, but also from its harvesting of crops and livestock. The land consisted of several species of millet, rice, and cotton. Being a zone that was introduced to iron very early on, their agricultural sector flourished. Consequently, handicraft industries such as cotton cloth production sprang as they took advantage of the nation’s huge surpluses. Additionally, livestock was plentiful in the open savannah of western Africa.
According to the Arizona Governor’s Office of Highway Safety, there were more than 23,000 people arrested for driving under the influence in 2014. The cornerstone of many DUI cases is breath test results. Under the state’s implied consent law, the authorities may use such tests in order to determine the blood alcohol content level of motorists who they believe were drinking and driving. Overcoming the results of these tests may seem insurmountable, however, there are some situations in which breath tests may be deemed inadmissible.
4. Read Annual Editions Article 4.1, "Africa's Hopeful Economies: The Sun Shines Bright", pp. 116-122, and Article 4.2, "Can Africa Turn from Recovery to Development?", pp. 122-127.
Although Ghana has sought out financial and development support from the United States, other supportive sources from developed countries may be of an asset to developing country dealing with global
Dominated by agriculture grown for export markets since colonial times, the economy of this West African nation is beginning to diversify (Michael Radu). According to statistics provided by the International Monetary Fund, in 2006 revenues from oil and refined products surpassed earnings from the nation’s biggest cash crop, cocoa (African Studies Center). The government in 2011, predicted that the nation’s biggest source of wealth would be petroleum resources. Currently more than 30 international mining companies are mining and exploring reserves of gold. Political stability will determine is multinational energy and mining companies can assist with bringing gold, natural gas, diamonds, nickel, oil, and other natural resources. Foreign investments have slowed down due to political instability, which contributed to the country’s initial financial success. Economic growth has come to a standstill. Although the GDP growth rate improved from about 2% in 2008 to 4% in 2009–2011, per capita income has continuously dropped since 1999, with a slight improvement in 2009–2010 (Central Intelligence
Ghana is a country in Africa that is native to 25 million people. It is neighbored by the Ivory Coast to the West, Togo to the East and Burkina Faso to the North. It is also bordered by the Gulf of Guinea to the south. It is about the size of Oregon and it’s religions include Christianity, Islam, and other Indigenous beliefs (Bbc news, 2013). Ghana has different climates in different parts of the country. Near the coast, there are tropical forests, in the middle there is a transitional zone where it then transitions into the savannah in the north where it is dryer and only gets one rainy season versus two in the south (Encyclopedia of the nations). Their major exports are gold, cocoa, timber, and many other products. Their GDP is $40.71
From various perspectives the two nations has centered, Ghana and Côte d'Ivoire, catch the differing qualities of involvement in Africa since freedom. The regular picture painted of a landmass subject to political unsteadiness, buried in destitution and stagnating is a long way from reality. For over two decades Côte d'Ivoire was a standout amongst the best nations in the creating scene. Ghana's recuperation, both financial and political, since the breakdown of the mid 1980s has been amazing. In any case, on account of Côte d'Ivoire achievement was not kept up, and on account of Ghana the economy stays a long ways behind those similarly poor at the season of freedom however now with high livelihoods.
The neurochemical changes that take place when restricting food and binging are mirrored by those with addiction to drugs and alcohol. A dysfunction hypothalamus is an additional part of the brain that is involved in controlling appetite and eating patterns. The hypothalamus is thought of as the on and off switch for producing and suppressing feelings of hunger (Wadden et. al, 2004). Research demonstrates that those given MRI’s show abnormal activity in both the ventromedial hypothalamus and the lateral hypothalamus (Cash & Smolak, 2011). Both parts work together to create the homeostasis one’s appetite. Those diagnosed with anorexia nervosa may have an abnormal activity in the lateral hypothalamus that creates a sense of hunger. Whereas
In this article, David Harvey presents the concepts and the impacts of Neoliberalism. Harvey believes neoliberalism is the best way to advances entrepreneurial freedoms through values such as private property rights, individual liberty, and free trade. He argues neoliberalism is taking over today world and become the global standard or the set of rules. “Neoliberalization has in effect swept across the world like a vast tidal wave of institutional reform and discursive adjustment, and while there is plenty of evidence of its uneven geographical development, no place can claim total immunity (with the exception of a few states such as North Korea). Furthermore, the rules of engagement now established through the WTO (governing international
The rise of globalization following WWII generated three important factors that define today’s world. McNeill and McNeill agree with Pollard, Rosenberg, and Tignor that multiple economic changes, such as the creation of financial institutions like the International Monetary Fund (IMF) contributed to the globalization of the world economy. Carter and Warren further this argument by claiming that globalization has caused shifts in the modern economy, namely the rise of Asian economic powers. However, all three historians agree that the rise of globalization goes hand in hand with the rise of inequality in today’s world. Gaps in power, wealth, and access to information have only widened due to the trend of globalization. The final key factor defining our world today are the ongoing processes affecting development countries. McNeill and McNeill argue similarly to Carter and Warren that the end of imperialism generated new nations who quickly realized the free market was a pathway to stability. However, Pollard et al. and McNeill and McNeill place importance on financial institutions like the IMF forcing developing nations to reform their economies to be subservient to the world’s economy. Together, these historians argue that the trend of globalization following WWII caused factors like the modern global economy, the rise in inequality, and the development of new, decolonized nations to be key determiners in the world today.
There were many economic struggles in Ghana that put sever stress on the residents. Because of the lack of money there are a huge number of people that are unemployed and will continue to be for a very long amount of time. Those between the ages of 18 and 35 are most commonly struggling through being jobless but this makes up so much of Ghana’s population. With a scarcity of money, infrastructural struggles begin to occur which is not easy to deal with. They barely have electricity, running water, heat, etc. and this can result in many uncomfortable results.
I am highly motivated to pursue further studies in agricultural and resource economics at Kasetsart University. My strong interest in agriculture and the business of agriculture and its relation to economic development . Agriculture is the backbone of my country Ghana, supplying food for the nation's population. It is part of a massive business sector that provides many opportunities for the masses of people.