Africa in the neoliberal age: Between development and IMF/world Bank economic policies

This thesis looks at the impacts of neoliberalism on Africa and argues that the neoliberal policies imposed on African countries by the IMF and World Bank will continue to be detrimental to these countries if changes are not made. These policies that come as conditions to loans include: the privatization of state owned enterprises, the devaluation of local currencies, the abolition of trade barriers like tariffs and taxes and the reduction in government spending especially on social affairs. The thesis argues that these policies have widened the gap between the rich and the poor and at the same time worsened the poverty situation in the continent. It also argues that the introduction of the poverty reduction strategies and debt relief initiatives are only intended to ensure the effective implementation of the structural adjustment policies and not to create change in the current situation of the poor. Keywords: Productivity, Motivation, Performance, Business Management, Quality