100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
DVA3703 Exam Answers 2023 €2,67
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. DVA3703 - Development Policy And Strategies (DVA3703)

Overig

DVA3703 Exam Answers 2023

3 beoordelingen
 11 keer verkocht
  • Vak
  • DVA3703 - Development Policy And Strategies (DVA3703)
  • Instelling
  • University Of South Africa (Unisa)

DVA3703 Exam Answers 2023 questions asked SECTION A Write an essay on any ONE of the following questions: QUESTION 1 Critically discuss the concept of neoliberalism and its impact on African development. (50) QUESTION 2 Identify and explain critical dimensions that characterise instit...

[Meer zien]

Voorbeeld 2 van de 14  pagina's

Document informatie

  • 22 mei 2023
  • 14
  • 2022/2023
  • Overig
  • Onbekend

Onderwerpen

  • section a write an essay on any one of the following questions question 1 critically discuss the concept of neoliberalism and its impact on african development 50 question 2 identify and explai

Geschreven voor

  • University of South Africa (Unisa)
  • DVA3703 - Development Policy And Strategies (DVA3703)
Alle documenten voor dit vak (16)

3  beoordelingen

review-writer-avatar

Door: thabile1978 • 4 maanden geleden

review-writer-avatar

Door: carmenbooysen98 • 9 maanden geleden

review-writer-avatar

Door: lizwisosibo75 • 1 jaar geleden

Verkoper

avatar-seller
itsbesttutors

Ontvangen beoordelingen

Voorbeeld van de inhoud

, Question 1.
Neoliberalism and Its Impact on African Development


Neoliberalism, as an economic and political ideology, has had a profound impact on the
development trajectory of many nations around the world. This essay aims to critically
discuss the concept of neoliberalism and its specific implications for African development.
Neoliberalism, rooted in free-market principles and limited government intervention, gained
significant influence in the 1980s and 1990s, particularly through structural adjustment
programs (SAPs) imposed by international financial institutions such as the World Bank
and the International Monetary Fund (IMF). While neoliberal policies were implemented
with the intention of promoting economic growth and development, their consequences for
Africa have been subject to intense debate.


One key aspect of neoliberalism is its emphasis on deregulation and liberalization of
markets. Neoliberal policies in Africa involved the removal of trade barriers, privatization of
state-owned enterprises, and the reduction of government subsidies. Proponents argued
that these measures would attract foreign direct investment, promote competition, and
lead to economic growth. However, the implementation of such policies often had
unintended consequences. In many African countries, privatization resulted in the transfer
of state assets to a small elite, exacerbating wealth inequality and limiting opportunities for
social mobility. Additionally, the removal of subsidies on essential services such as
education and healthcare disproportionately affected the poor, exacerbating social
inequalities.


Another significant aspect of neoliberalism is its focus on austerity measures and fiscal
discipline. SAPs often required African nations to reduce public spending, control inflation,
and prioritize debt repayment. While fiscal discipline is important for macroeconomic
stability, the stringent austerity measures imposed under neoliberal frameworks had
adverse effects on social services and human development. Reduced public spending on
education and healthcare, for instance, compromised the quality and accessibility of these
essential services, further entrenching poverty and hindering long-term development.


Furthermore, neoliberal policies promoted export-oriented growth strategies, encouraging
African nations to specialize in a limited range of primary commodities for international
markets. This approach, often referred to as the "commodity trap," made African
economies vulnerable to external shocks, such as fluctuations in global commodity prices.
By relying heavily on the export of raw materials, many African countries faced limited
economic diversification, hindering their ability to build robust and sustainable economies.
Moreover, the unequal terms of trade in the global market have often disadvantaged
African producers, perpetuating economic dependency and hindering development.


Critics argue that neoliberalism's emphasis on market forces and limited government
intervention undermines the role of the state in promoting inclusive development.

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper itsbesttutors. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €2,67. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 69052 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis
€2,67  11x  verkocht
  • (3)
In winkelwagen
Toegevoegd