The hard fought freedom that many colonies underwent to free themselves from their colonial powers came with many unprecedented consequences. For example, financial institutions, such as The World Bank and the International Monetary Fund offered loans to ameliorate developing nations' incapacitating economic situations. However, acceptances of such loans were accompanied with major costs associated with structural adjustment programs (SAPs ). Adoption of these programs entailed liberalizing trade policies, privatization, and increasing exports. Implementation of the program proved to be detrimental to many developing nations.
Research for four developing nations, (Mexico, Zimbabwe, Senegal, and Jamaica) showed that structural adjustment programs failed to substantially benefit their economies. The enforcement of SAPs typically led a country to be in worse financial straits than from the one they began with. Common calamities experienced by the states were widespread poverty and high levels of unemployment. Faced with this grueling reality, many citizens were forced to migrate. However, due to a lack of adequate education (education programs were cut in all nations), many migrants fell prey to human traffickers. The data studied suggests that the implementation of SAPs creates desperation in the citizenry that is so profound that many are willing to risk their lives to exit their home county.
| Identifer | oai:union.ndltd.org:ucf.edu/oai:stars.library.ucf.edu:honorstheses1990-2015-1807 |
| Date | 01 January 2009 |
| Creators | Adegoke, Modupeolu |
| Publisher | STARS |
| Source Sets | University of Central Florida |
| Language | English |
| Detected Language | English |
| Type | text |
| Source | HIM 1990-2015 |
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