Author: SK Kuma
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Critique of World Bank and IMF: Effects on Global South Economies
The World Bank and the International Monetary Fund (IMF) were created by leaders of the 44 nations of the Bretton Woods conference. The World Bank was responsible for financing long-term productive investment in member countries while the IMF was to provide loans to overcome short-term balance of payment deficits. The leaders feared an unregulated global…
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Africa’s Economic Future: Investment Trends and Strategic Alliances
More than a century after the Berlin Conference when Africa was carved up by major European powers, it appears a new scramble for the continent is underway-this time for a share of the continent’s enticing economic opportunities. Investment interest in Africa is at an all time high, global business leaders are discussing how the continent…
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Africa’s Oil Wealth: Good Governance and Development Challenges
In Africa’s oil producing countries, only a tiny fraction of the revenue is used to fight poverty, and in many cases “black gold” has become a hurdle to development. Oil in Africa lies at the center of questions of good governance and development, as oil prices and revenues soar but fail to bring better living…
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Africa’s Oil Wealth: Good Governance and Development Challenges
In Africa’s oil producing countries, only a tiny fraction of the revenue is used to fight poverty, and in many cases “black gold” has become a hurdle to development. Oil in Africa lies at the center of questions of good governance and development, as oil prices and revenues soar but fail to bring better living…
Global Politics Today 