...Evaluating the Participating Countries of the Heavily Indebted Poor Countries Initiative for Economic Growth | Introduction: Economic growth is vital to any countries livelihood. Economic growth within a country affects every industry, market, and household. In 1996, the World Bank, International Monetary Fund, and several other small creditors created the Heavily Indebted Poor Countries Initiative (HIPC) to help provide economic growth to poor and developing countries. The direct purpose of the Heavily Indebted Poor Countries Initiative was to offer low interest loans and debt relief to countries that meet the criteria for the initiative. Countries would have to be selected by criteria, which included, a countries past economic growth, amount of debt, poverty rate, lack of development, with many other factors. In creation of the Heavily Indebted Poor Countries Initiative, was in hopes that in could spur economic growth in development in many improvised nations. The Heavily Indebted Poor Countries Initiative has only invited thirty-nine countries to participate in the initiative since its creation. Africa has had the majority of the countries, while the rest were located in Southeast Asia, and the Middle East. The Heavily Indebted Poor Countries Initiative uses a two point system to meet the seven requirements the International Monetary Fund and the World Bank requires to receive debt relief. There are only two points that all participating countries in the Heavily...
Words: 4931 - Pages: 20
...Someone called Chris has placed a comment below my last little piece on aid and conditionality and, as is sometimes the case when he resists his impulse to troll, he has made some almost-sensible points. Or at least, points that have had much currency in the mainstream media and debates about international development. So I thought I’d take the time to discuss them here. In his post Chris wrote: ...the fact remains, Africa's problems are by and large internal…True, agricultural subsidies must be lifted by the US and the EU, but simply throwing aid money at the problem will ultimately come to no good. After all, even when African countries do possess sources of great wealth--diamonds in Sierra Leone and oil in Nigeria, for instance--those resources often end up being a curse on95% of the respective country's populace. On the other hand, a few nations have done better through internal improvements; Botswana is often cited as an example of this, but their 40% Aids rate--definitely attributable to rampant sexual activity--is impossible to overlook. Encapsulated in this spiel are what could be termed ‘the four great fallacies of the Africa Debate’. I’ll attend to each of these in turn. Fallacy 1 - Africa’s problems are by in large internal There’s no denying that some of Africa’s problems are internal but the claim that they are entirely (or even by in large internal) is demonstrably false: it ignores history and turns a blind eye to the interconnected world that we...
Words: 1622 - Pages: 7
...linked. With neither one being predominant over the other; rather the influence of both oscillate, dependent upon the individual circumstances within the State or region. In essence, what this answer will aim to illustrate, is the extent of this link, the theories which explain it, and whether or not security underpins development. Before we begin however, it would be prudent to first, define the concepts of ‘security’ and ‘development’. From the obvious, national security dimension, to the more human-centred, holistic definitions, finding a simple definition for the concept of security is a complex task, due to the variety of ways in which it can be defined. For the purposes of this essay however, the definition provided by the United Nations Development Programme (UNDP) as security being “the prevention of any threat to individual or national security irrespective of that threat being political or economic in its nature, as such threats would threaten the process of development”[1] would be an appropriate fit, as it incorporates both the traditional State-centric element, and also the more holistic, human security definition.. Traditionally, the definition of development has been one that has been predicated upon a mainly economic basis, with the World Bank terming it as the reduction of global poverty.[2] While on the other hand, the UN has defined development as being the process of creating “an enabling environment for people to live long, healthy and creative lives”[3]...
Words: 3100 - Pages: 13
...Economic Development of Third World Countries Abstract The paper examines social and economic issues relating to the development of Third World countries. The emphasis is placed on five major challenges the underdeveloped and developing nations face on their way to economic growth and prosperity. The report discuses overpopulation problem and also questions the effectiveness of foreign aid. Moreover, it provides information on impact of information technology, as well as addresses the issue of lack of economic diversification. Finally, it explains causes and consequences of corruption on economic growth. Keywords: Third World, development, overpopulation, foreign aid, technology, diversification, corruption Table of Contents Abstract2 Introduction4 Brief history4 Classifications4 From Third World to First World6 Issues7 Population growth7 Foreign aid8 Information technology11 Economic diversification12 Corruption13 Conclusions16 References18 Economic Development of Third World Countries History The end of the World War II brought into being a number of new nations in Asia and Africa, which gained independence from colonial rule and were given a title of “Third World”. The term was created by French demographer Alfred Sauvy and was originally intended to distinguish newly emerged states from the Western industrialized nations and from those that formed the former Soviet bloc (Prachi, 2011). Today the designation is used to describe the developing...
Words: 4827 - Pages: 20
...PROPOSAL TO EVALUATE THE IMPACT THAT FOREIGN AID HAS HAD ON DEVELOPMENT IN KENYA RESEARCH STUDIES MOD001774 SHIRLEY JONES SID 1223384 FACULTY OF HEALTH, SOCIAL CARE AND EDUCATION 2012/13 1 SID 1223384 ABSTRACT The aim of this study is to evaluate the impact of foreign aid on development in Kenya. The study will investigate the effect that foreign aid has had on development, appraising its benefits as well as exposing its shortcomings. Judging from the level of aid that the developing world receives and the economic development that takes place in third world countries, there appears to be an inverse relationship between aid and development. With this continuing debate, my interest of study has been to find out foreign aid’s impact to development in Kenya as it is dependent of aid but poverty still seems impossibility in the country for many decades. Therefore, the study will seek to expose these pitfalls of foreign assistance to a nation’s growth and development, using the Kenyan example to illustrate this relationship. The prevailing research methodology shall be of a qualitative positivist nature. Debates still exist around foreign aid dependency and economic development in the “Third World” countries as despite the input from developed countries there hasn’t been much change witnessed in the developing nations which are still drowning in poverty since 1960’s. The study will highlight on the demerit of excess foreign aid has development whereby the more dependent...
Words: 10863 - Pages: 44
...AID AND THE DUTCH-DISEASE IN ETHIOPIA Monetary Policy and Economic Research Directorate National Bank of Ethiopia Teferi Mequaninte tefmeq@yahoo.com May, 2005 SECTION ONE Introduction Following the introduction of the Structural adjustment program (SAP) in 1992 to the Ethiopian economy, there was a massive inflow of foreign aid in the form of grants, concessional loans and technical assistance. Net aid1 inflows to Ethiopia during the Derg period were around 7 percent of GDP and are doubled to 14 percent of GDP during the EPRDF regime. These elevated flows have raised a number of concerns, ranging from fears about the effect of aid inflows on the real exchange rate and export performance. The source of anxiety for all this is the Dutch disease problem of foreign aid. While seemingly beneficial foreign aid inflows may generate undesirable effects in the economy. These undesirable effects include a decline in export performance and manufacturing production caused by appreciation of the real exchange rate and resources moving out of manufacturing into other sectors (Timothy,1997). There are also concerns about aid sustainability. Specifically, while LDCs have been forced to take on greater burden of global adjustment, most donor countries have been unwilling to expand financial support for adjustment in the LDCs (Bigsten, 2003). These could be due to different motives by the donor countries. Instead of addressing the most developmental constraints...
Words: 4919 - Pages: 20
...foreign aid to Africa African continent has struggled with chronic poverty and under-development. Hundreds of billions of dollars have been given to African governments. More billions were lent to these same governments. Countless tons of food have inundated the continent, and swarms of consultants, experts, and administrator have descended to solve Africa’s problems. However the state of development in Africa is no better today than it was when all this started. Per capita income, for most of Africa, is either stagnant or declining. For this debate analysis I will address the different types of aids foreign nations give to African countries. I will also discuss the debate of the advantages and disadvantages of the provision of foreign aid to Africa. In the end I will provide a conclusion on what I think should be done. Over the past 6o years at least $1 trillion of development-related aid has been transferred from rich countries to Africa. Yet real per capita income today is lower than it was in the 1970s, and more than 50% of the population over 350 million people live on less than a dollar a day, a figure that has nearly doubled in two decades. Food aid is the source of the international aid system, although it represents only a small proportion of total aid. With the help of international emergency response, famines and other natural and human-made disasters no longer kill in the numbers they used to prior to the 1980s. Development aid is another...
Words: 1148 - Pages: 5
...ECONOMICS EXAMINATION GUIDELINES GRADE 12 2014 These guidelines consist of 25 pages. Copyright reserved Please turn over Economics 2 Examination Guidelines DBE/2014 INDEX PAGE 3 1. INTRODUCTION 2. ASSESSMENT IN GRADE 12 2.1 Format of the question papers 2.2 Detail of question papers 4 4 4 3. CONTENT 6 4. CONCLUSION Copyright reserved 25 Please turn over Economics 1. 3 Examination Guidelines DBE/2014 INTRODUCTION The Curriculum and Assessment Policy Statement (CAPS) for Economics outlines the nature and purpose of the subject Economics. This guides the philosophy underlying the teaching and assessment of the subject in Grade 12. The purpose of these Examination Guidelines is to: • • Provide clarity on the depth and scope of the content to be assessed in the Grade 12 National Senior Certificate (NSC) Examination in Economics. Assist teachers to adequately prepare learners for the examinations. This document deals with the final Grade 12 external examinations. It does not deal in any depth with the School-Based Assessment (SBA). This guideline should be read in conjunction with: • • • The National Curriculum Statement (NCS) Curriculum and Assessment Policy Statement (CAPS): Economics The National Protocol of Assessment: An addendum to the policy document, the National Senior Certificate: A qualification at Level 4 on the National Qualifications Framework (NQF), regarding the National Protocol for Assessment (Grades R–12) The national policy pertaining...
Words: 5874 - Pages: 24
... | |Kawran Bazar (A commercial hub of Bangladesh) | |Rank |48 | |Currency |Bangladesh Taka (BDT) | |Fiscal year |1 July - 30 June | |Trade organisations |WTO, WCO, IOR-ARC, SAFTA, D8 | |Statistics | |GDP |$256 billion (2010 est. PPP) | |GDP growth |5.7% (2009 est.) | |GDP per capita |$1,600 (2009 est. PPP) | |GDP by sector |agriculture: (18.6%), industry: (28.6%), services: (52.8%) (2009| | |est.) | |Inflation (CPI) |5.4% (2009 est.) | |Population |36.3% (2008 est.) | |below poverty line | | |Gini index |33.2 (2005) |...
Words: 5397 - Pages: 22
...LONG AGO AND NOT TRUE ANYWAY BLOGGING ABOUT INTERNATIONAL DEVELOPMENT, POLITICS AND LIVING WITH DISEASE. SUNDAY, OCTOBER 09, 2005 Four Fallacies of African Development Someone called Chris has placed a comment below my last little piece on aid and conditionality and, as is sometimes the case when he resists his impulse to troll, he has made some almost-sensible points. Or at least, points that have had much currency in the mainstream media and debates about international development. So I thought I’d take the time to discuss them here. In his post Chris wrote: ...the fact remains, Africa's problems are by and large internal…True, agricultural subsidies must be lifted by the US and the EU, but simply throwing aid money at the problem will ultimately come to no good. After all, even when African countries do possess sources of great wealth--diamonds in Sierra Leone and oil in Nigeria, for instance--those resources often end up being a curse on95% of the respective country's populace. On the other hand, a few nations have done better through internal improvements; Botswana is often cited as an example of this, but their 40% Aids rate--definitely attributable to rampant sexual activity--is impossible to overlook. Encapsulated in this spiel are what could be termed ‘the four great fallacies of the Africa Debate’. I’ll attend to each of these in turn. Fallacy 1 - Africa’s problems are by in large internal There’s no denying that some of Africa’s problems are internal...
Words: 3839 - Pages: 16
...the wealth within developed nations; he successfully draws our attention to the solution of “our” wealth in addition to the problem of “their” poverty. His suggestions for economic development hold the assumption that developing nations cannot be left to see their own economic result; therefore, charity-centric economic models are his ideal solution to global poverty. Though Sachs’ work successfully illustrates an innate economic interconnectedness between the developed and developing world in regards to the relationship between international organizations, government agencies, donors, and domestic citizens, he does not completely explore the implications of this interconnectedness on the success or failure of foreign development aid. Munk illustrates that Sachs does not adequately prepare for inherent problems such as failing legal devices, political incoherence, and inefficient capital accumulation. Further, Sachs does not sufficiently address the prevailing cultural, social and educational disparities and how this affects the implementation of Western economic models, as well as the lack of formal property rights systems in the legal sector of the economy, leading to the norm of using extralegal markets. Through Nina Munk’s observations of Sachs’ idealist, charity-centered approach to foreign development aid, the importance of inciting inclusive, culturally- compatible...
Words: 3699 - Pages: 15
...belongs to the service sector, a major number of nearly half of Bangladeshis are employed in the agriculture sector, with RMG, textiles, leather, jute, fish, vegetables, leather and leather goods, ceramics, fruits as other important produce. Remittances from Bangladeshis working overseas, mainly in the Middle East is the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earning. Ship building and cane cultivation have become a major force of growth. GDP's rapid growth due to sound financial control and regulations have also contributed to its growth. However, foreign direct investment is yet to rise significantly. Bangladesh has made major strides in its human development index.[4] The land is devoted mainly to rice and jute cultivation as well as fruits and produce, although wheat production has increased in recent years; the country is largely self-sufficient in rice production.[4][4] Bangladesh's growth of its agro industries is due to its rich deltaic fertile land that depend on its six seasons and multiple harvests.[4] Improving at a very fast rate, infrastructure to support transportation, communications, power supply and water distribution are rapidly developing.[4] Bangladesh is limited in its reserves of...
Words: 1644 - Pages: 7
...The Edexcel International GCSE in History Schemes of work We are happy to provide these new enhanced schemes of work for you to amend and adapt to suit your teaching purposes. We hope you find them useful. Practical support to help you deliver this specification Schemes of work These schemes of work have been produced to help you implement this Edexcel specification. They are offered as examples of possible models that you should feel free to adapt to meet your needs and are not intended to be in any way prescriptive. It is in editable word format to make adaptation as easy as possible. These schemes of work give guidance for: * Content to be covered * Approximate time to spend on different key themes * Ideas for incorporating and developing the assessment skills related to each unit. Suggested teaching time This is based on a two year teaching course of five and a half terms with one and a half hours of history teaching each week. This would be a seventy week course with total teaching time of approximately 100 hours. The schemes suggest the following timescale for the different sections: * Paper 1: 20 hours for each of the two topics: Total 40 hours. * Paper 2 Section A: 20 hours for the topic: Total 20 hours. * Paper 2 Section B: 25 hours for the topic since it covers a longer period in time. Total 25 hours. * Revision: 15 hours. Possible options for those with less teaching time * 20 hours for Section Paper 2 Section B ...
Words: 19278 - Pages: 78
...Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges August 2005 © 2005. Economic Commission for Africa Material from this publication may be freely quoted or reprinted. Acknowledgment is requested, together with a copy of the publication. The views expressed are those of the original authors and do not necessarily reflect those of the United Nations. Project coordinator: Adrian Gauci Editorial coordination: Cristina Müller Team: Abebe Shimeles, Workie Mitiku, Vanessa Steinmayer, Reto Thoenen This report was produced with guidance and input from Augustin Fosu, Director of the Economic and Social Policy Division of the ECA. It benefited greatly from the revisions of Bartholomew Armah and Kwabia Boateng. Special thanks to Lorna Davidson for the final editing, to Akwe Amosu for her valuable input, and to Seifu Dagnachew and Teshome Yohannes for creative and efficient lay-out and production. The report was designed by the ECA Communication Team and printed by the Documents Reproduction and Distribution Unit, in Addis Ababa, Ethiopia. Photo credits (left to right): Front cover- R. Zurba/USAID, J. Dunlop/USAID, R. Zurba/USAID, M. Crozet/ILO. Back cover- J. Maillard/ILO, T. Brunette/USAID, I. Getachew/UNICEF. Table of Contents Acronyms .....................................................................
Words: 12663 - Pages: 51
...Agriculture, growth and poverty reduction This paper was produced by the Agriculture and Natural Resources Team of the UK Department for International Development (DFID) in collaboration with Anne Thomson of Oxford Policy Management, Oxford. The authors are grateful to the UK Food Group for their additional contributions and comments. The paper reflects work in progress towards the development of new thinking on agricultural policy in DFID. It does not necessarily reflect the views and policy of DFID. This (working/supporting) paper is intended to stimulate public discussion. It is not necessarily DFID or UK Government policy. October 2004 Contents Executive Summary...................................................................................................... 3 1. What is the issue? .................................................................................................... 4 2. Agriculture, growth and poverty – what we know of the relationship ............................ 5 2.1 The context – the state of world poverty............................................................... 5 2.2 Agriculture’s recent performance – a picture of mixed progress............................... 7 2.3 Agricultural growth and poverty reduction – the evidence....................................... 9 2.4 Understanding how increased agricultural productivity reduces poverty ................. 10 3. Emerging issues and questions................................................
Words: 10970 - Pages: 44
