How the multilateral institutions compounded Africa's economic crisis

How the multilateral institutions compounded Africa's economic crisis

[F]oreign aid has done more harm to Africa than we care to admit. It has led to a situation where Africa has failed to set its own pace and direction of development free of external interference. Today, Africa's development plans are drawn thousands of miles away in the corridors of the IMF and...

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Veröffentlicht in:Law and policy in international business 1999-06, Vol.30 (4), p.585
1. Verfasser: Ayittey, George B.N
Format: Artikel
Sprache:eng
Schlagworte:
Africa
Analysis
Economic development
Influence
International agencies
International trade
Political aspects
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Zusammenfassung:[F]oreign aid has done more harm to Africa than we care to admit. It has led to a situation where Africa has failed to set its own pace and direction of development free of external interference. Today, Africa's development plans are drawn thousands of miles away in the corridors of the IMF and World Bank... What is sad is that the IMF and World Bank `experts' who draw these development plans are people completely out of touch with the local African reality.(1)
ISSN:0023-9208