Economic Reform And Poverty In Africa

Abstract:
This article briefs us about the situations, which may trigger poverty in the country and also reflects the association of the various structural adjustment programs and its impact on poverty. Places where poverty is predominant has also been dealt with.
Several aspects dealing with the prominence of the female member leading the household manifests that in Africa, household living on agriculture are led by the female agricultural workers. Various drawbacks as well as possible solutions have also been identified in the following paragraphs.

Many structural adjustment programs or SAP were introduced to bring about many changes in the economy of the country. A very important objective, which has always remained as one of the priorities for the African government is reducing the incidence of poverty in the country.

Experts advice that concentrating on the effects of economic reforms is desirable rather than focusing on the programs. Some of the tools of economic reform and poverty in Africa are as follows: Increasing producer prices in the agriculture sector.
This would not only improve agricultural productivity but also look after the benefits of the poor people. The cost of expenses incurred by the government was aimed at being low. Economic reforms to monitor runaway inflation was also taken care of.
Other instruments of economic reform and poverty in Africa (in a broader sense) comprises alterations in:
Monetary policy reform
Tax reform
Public sector reform
financial sector reform

However, moving away from economic set up there are other unpredictable and unforeseen incidents too, which lead to poverty in the country.
Incidence of poverty:
It has been observed that majority of the poor people dwell in the rural areas as compared to the cities. People are rated as poor depending on the per capita distribution of income in the country. Many economic reforms as stated above have been formulated to reduce poverty. Another group of people susceptible to poverty in Africa are the people falling outside the agricultural sector and those who are self employed.
Facets of economic reform and poverty in Africa:
In majority of the cases where agriculture is the main source of livelihood, the household is headed by the female member of the family. After liberalization of the agro sector, the income from agricultural sector has increased. The reason is that, liberalization has led to considerable commercialization in Africa. They have also been engaged in activities relating to marketing of agro processed food products. This would to a large extent tackle poverty in Africa. It has also been observed that the poor people living in the rural areas have restricted accessibility to raw materials of agriculture. The farmers also have a tendency to avoid using the latest technological know how. This is particularly true for the women agricultural workers. Moreover, even if they do have access to the modern equipments they may not have the skill to imbibe the same.
Conclusion:

  • In a nut shell, the following reforms may be arrived at:
    Sustainability is required to eradicate or minimize poverty in Africa.
    The wealth, which is currently available ought to be judiciously re distributed so that every one has a fair share.
    Effective as well as efficient execution of the economic reforms in Africa.
    Such policies, which aim at long term as well as short term goals should be adopted, which would decrease rentals, enhance the productivity of the labor force.
    Also important is maintaining a political set up in the country, which eventually ensures optimum implementation of the economic reforms in Africa.
    Extending “adjustment loans” to the farmers.

 

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Last Updated on : 26th June 2013

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