BRIEFLY:The SAPs Story
11.19.07 (12:02 am) [edit]Most developing contries have the misfortune of being financially desperate.It's caused by the domestic droughts,political strifes,or a low currency.The resultant causes them to rush to the arms of the two most powerful monetary institutions in search of loans.They offer this help,using the carrot approach-"we'll only do so on one condition:they implement structural adjustment programs".SAPs have the disadvantage of negatively affecting the most vulnerable members of the society.For example,the pregnant women lose their children because they lack maternal care while givng birth,children drop out of school cause they lack fees, small scale farmers don't make profits because the cost of production is too high.Yet the World Bank and IMF think that by doing this,developing countries wil ease of their international debts and balance the internal budget.How wrong they are!
posted by: PastorDave (reply)
post date: 11.19.07 (9:47 am)
Sounds like a vicious circle. I have heard it said that you don't solve money problems with money. At the heart, the problem is usually something other than a lack of money. I know such is generally true with people, here in the U.S. Of course, I know very little about abject poverty in 3rd world countries. It does seem that every person has a basic right, simply being being human, to the necessities of life. Food. Clothing. Shelter. Health care.
posted by: ram (reply)
post date: 11.20.07 (1:23 am)
quit useful