This thesis attempts to evaluate the role of the World Bank in Sub-Saharan Africa's development. It argues that the World Bank has stepped beyond the boundaries of a typical lending institution by linking its aid to political reform. The study argues that in this capacity the Bank has contributed to the halting democratization process currently underway in Africa. The economic effects of the World Bank's Structural Adjustment Programmes have been less successful. As yet, the programmes have not produced the expected results and there is no evidence of long-term, sustainable economic recovery in Sub-Saharan Africa. These programmes are, however, long-term strategies and it may therefore be too premature to reach a final conclusion. They may also have been affected negatively by unfavourable political environments. This study, noting the negative effects of the international terms of trade and prices for African exports, concludes that although economic recovery in Sub-Saharan Africa will be facilitated by domestic political and economic policy reform, there is also a need for reform of the international economic order. The World Bank has correctly identified the need for domestic improvement, but it has a tendency to disregard the negative consequences of the existing structure of the international economy.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:rhodes/vital:2835 |
| Date | January 1992 |
| Creators | Thompson, Christine Audra |
| Publisher | Rhodes University, Faculty of Humanities, Political Studies |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis, Masters, MA |
| Format | 93 pages, pdf |
| Rights | Thompson, Christine Audra |
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