
Market reforms were made in the 1980’s that focused on privatization of government functions and a focus on free trade that were supposed to aid economic growth, but have ended up backfiring. These reforms were seen as a way to save failing education and hospital systems, among others, but they have only made more problems, especially for the poorer countries. Food production has declined, and poverty and hunger levels have increased for millions of Africans.
It is thought that these strategies work well in developed economies, but can be devastating in less-developed economies like many of the ones in Africa, a draw-back that apparently wasn’t thoroughly considered.
There are no easy solutions, and the road to recovery is going to be long and tough.
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