The following exposition on the World Bank and the projects they fund in some African Countries is like agreeing to lend your friend your gun knowing fully well they intend to commit suicide with it
They only difference between the World Bank and the projects they fund vis- a- vis my suicide- committing friend is that the projects are real weapons that kill people while my suicide- committing friends remain figments of my imagination.
In this paper, I have argued that the World Bank, for “oily” reasons, have funded projects in Africa not because they sought to assist in developing the continent but more so they can benefit and take African oil home. I have used evidence from different sources that include the World Bank itself to fault this selfish capitalist mode of unsustainable operation. This paper notes that the problems ensuing from the foregoing are further compounded by the involvement of corrupt African leaders.
It is my contention that to a large extent the World Bank is most guilty since they provide the “pistol” used by African leaders to impoverish the poor masses. In more recent times the situation of the poor around the globe has become an international issue. The right of the poor to good standards of living as noted in the UN declaration on human rights has contributed to increased global concerns on the situation of the poor. I conclude by stating that proper development should focus on the people, and that the World Bank should live up to what it stands for as expounded in it claims that the poor need to be offered means to security, opportunity and empowerment.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Introduction
- African Oil Countries and “The Natural Resource Curse”
- Overview of the World Bank Report 2000/2001: Attacking Poverty
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to evaluate the World Bank's Report 2000/2001: Attacking Poverty in light of the World Bank's funding practices for extractive industries in Sub-Saharan Africa. The Chad-Cameroon Pipeline Project is used as a case study to assess the World Bank's commitment to its stated goal of combating poverty.
- The Natural Resource Curse and its impact on African oil-producing nations
- The World Bank's Report 2000/2001: Attacking Poverty and its multidimensional approach to poverty alleviation
- The World Bank's role in poverty reduction and its actions in relation to extractive industries in Sub-Saharan Africa
- The role of African governments in addressing poverty and their commitment to the welfare of their citizens
- The relationship between opportunity, empowerment, and security in the context of poverty reduction
Zusammenfassung der Kapitel (Chapter Summaries)
- Abstract: The abstract sets the tone for the paper, using a metaphor of a suicide-committing friend and a loaded gun to highlight the World Bank's role in funding projects that can potentially harm African nations. The author contends that the World Bank funds projects in Africa primarily to benefit from the continent's oil resources rather than genuinely assisting in its development.
- Introduction: The introduction discusses the increasing global focus on poverty reduction and the role of international organizations, including the World Bank and IMF, in tackling this issue. The author highlights the 'Natural Resource Curse' and its implications for oil-producing countries in Sub-Saharan Africa, arguing that poverty alleviation requires a comprehensive approach that considers both economic and socio-political factors.
- African Oil Countries and “The Natural Resource Curse”: This chapter delves into the paradoxical situation of oil-producing African countries, where abundant natural resources often lead to slower economic growth, social problems, and political instability. The author argues that the 'Natural Resource Curse' contradicts the neoclassical economic view that income growth automatically leads to poverty reduction.
- Overview of the World Bank Report 2000/2001: Attacking Poverty: This chapter examines the World Bank's Report 2000/2001: Attacking Poverty, highlighting its multidimensional approach to poverty alleviation. The author argues that the report's focus on opportunity, empowerment, and security offers a balanced framework for addressing poverty.
Schlüsselwörter (Keywords)
This paper focuses on the World Bank, poverty reduction, natural resource curse, oil production, African development, Sub-Saharan Africa, opportunity, empowerment, security, and the Chad-Cameroon Pipeline Project. The paper examines the World Bank's Report 2000/2001: Attacking Poverty and its implications for development in Sub-Saharan Africa. It also explores the role of African governments in addressing poverty and their commitment to their citizens' welfare.
- Citation du texte
- B.A, B.Phil, Msc Chijioke Uba (Auteur), 2005, Muted voices of powerless poor "oily" Africans, Munich, GRIN Verlag, https://www.grin.com/document/90921
