Meles Zenawi at World Leaders Forum, Columbia University (2010), one of the best moments of the former Ethiopias Prime Minister. It was for the first time in history that Ethiopia was led by an educated, researcher, critical thinker, world class mind and mostly a pan-Africanist who represented the African continent in deeds in the global leadership arena. Here is a preliminary of his best presentations on Africa and the neo-liberal economic paradigm: The last three decades which could be described as the decades of the emergence and triumph of neo-libralism in key centers of global power. And hence, throughout much of the world have been very bad decades for Africa. They have for all intense and purposes been lost decades. At the beginning of this period, Africa faced a huge debt burden and associated macroeconomic imbalances and low rates of economic growth due to weak management of the economy and unfavorable external circumstances. It was therefore forced to seek support from the international financial institutions which had by then become key enforcers of the emerging neo-liberal paradigm. Africa was asked to undergo fundamental neo-liberal economic reforms in return for the support it sought from the international financial institutions. These reforms were sold as the ultimate salvation for its problems and were supposed to lead to sustained economic growth and transformation. The reforms could not and did not lead to salvation. On the contrary, the limited industrialization of the continent that had taken place since independence was reversed with no economic revival in sight. #MZ https://youtube/watch?v=vWoEPK9njWY
Posted on: Fri, 15 Aug 2014 01:46:02 +0000
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