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| Author's Teaching Notes | ||
| Title: | Responding to Economic Crisis in Africa | |
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Day One:
Day Two: There is a wealth of information from the IMF and World Bank suggesting that SAPs have had a beneficial impact on those African countries in which they have been tried. Similarly, the new government will want to point out benefits of SAPs, assuming that it suggests adopting one. It will also have to be able to convince the populace that the austerity measures will not prove too onerous. It also has to worry about its own electoral future. Civic organizations are likely to be most opposed; they may decide that concentrating on removing African debt through the HIPC initiative or other efforts might be a good place to start. There are many internationally based organizations concerned with just these issues. SAPs promise more foreign investment, but foreign investors need to be convinced that investing in Africa is a prudent thing to do. US government agencies like OPIC go a long way to assist in such efforts. One would also want to take into account the recently passed legislation that claims to increase trade between the US and Africa. |
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© Gretchen Bauer, Univ. of Delaware, 2001. Problem-Based Learning Clearinghouse |
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