The Negative Impact of Structural Adjustment Programs upon the Nation of Kenya Essay by Top Papers

The Negative Impact of Structural Adjustment Programs upon the Nation of Kenya
The following paper will argue that the policy recommendations put forward by the International Monetary Fund and the World Bank hindered Kenya's economic growth and political sovereignty as that nation grappled with fiscal problems at the end of the ...
# 137674 | 2,000 words | 10 sources | APA | 2008 | US


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The following paper will argue that the policy recommendations put forward by the International Monetary Fund and the World Bank hindered Kenya's economic growth and political sovereignty as that nation grappled with fiscal problems at the end of the 1980s and early 1990s. More particularly, three broad themes will be explored: the idea that the IMF austerity measures (which, this writer argues, includes cutting down on the use of public aid money for private use by government officials) did nothing but take money away from social spending without meaningfully curbing corruption; the idea that trade liberalization really harmed Kenya's vulnerable exporters more than helped them; and the idea that Kenya suffered a significant and harmful blow to its sovereignty when exigencies in the middle-1990s and thereafter forced it to accept IMF SAP dictates. In addressing these themes, it will be argued that IMF Structural Adjustment Programs did little more than cut deeply into social spending within Kenya (most of all, for education), were ineffective at curbing government corruption, did grave harm to Kenyan exporters and manufacturers, and dangerously undermined the nation's sovereignty - and thus its ability to make economic policies with the country's, as opposed to it's donors', interests in mind.

From the Paper:

The Negative Impact of Structural Adjustment Programs upon the Nation of Kenya The following paper will argue that the policy recommendations put forward by the International Monetary Fund and the World Bank hindered Kenya's economic growth and political sovereignty as that nation grappled with fiscal problems at the end of the 1980s and early 1990s. More particularly, three broad themes will be explored: the idea that the IMF austerity measures (which, this writer argues, includes cutting down on the use of public aid money for private use by government officials) did nothing but take money away from social spending without meaningfully

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APA Format

The Negative Impact of Structural Adjustment Programs upon the Nation of Kenya (2008, December 01) Retrieved February 23, 2024, from https://www.academon.com/essay/the-negative-impact-of-structural-adjustment-programs-upon-the-nation-of-kenya-137674/

MLA Format

"The Negative Impact of Structural Adjustment Programs upon the Nation of Kenya" 01 December 2008. Web. 23 February. 2024. <https://www.academon.com/essay/the-negative-impact-of-structural-adjustment-programs-upon-the-nation-of-kenya-137674/>

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