- 17 Oct 2017 15:43
#14853142
Somalias economic plight is caused ,in the main, by the IMF.
IF I HAD UNDERSTOOD THE SITUATION A BIT BETTER I SHOULD HAVE PROBABLY JOINED THE ANARCHISTSGeorge Orwell
SolarCross wrote:They are probably just tired of running stories about muslims setting off bombs, it is a story that is getting a bit samey-samey for one thing and it makes muslims look bad on the other.
Somalias economic plight is caused ,in the main, by the IMF.
Somalia had been a colony of Italy and Britain. In 1969, a post-colonial government was formed under president Mohamed Siad Barre; major social programs in health and education were implemented, rural and urban infrastructure was developed in the course of the 1970s, significant social progress including a mass literacy program was achieved.
The early 1980s marks a major turning point.
The IMF-World Bank structural adjustment program (SAP) was imposed on sub-Saharan Africa. The recurrent famines of the 1980s and 1990s are in large part the consequence of IMF-World Bank “economic medicine”.
In Somalia, ten years of IMF economic medicine laid the foundations for the country’s transition towards economic dislocation and social chaos.
By the late 1980s, following recurrent “austerity measures” imposed by the Washington consensus, wages in the public sector had collapsed to three dollars a month.
IF I HAD UNDERSTOOD THE SITUATION A BIT BETTER I SHOULD HAVE PROBABLY JOINED THE ANARCHISTSGeorge Orwell