To what extent do you agree with assertion
2006-10-19 04:05:14 · 8 answers · asked by Anonymous in Social Science ➔ Economics
Interesting assertion, I do not agree, Economic development was not aided by the economic policies followed after independence. Had the government after independence built on the economic development which was happening during the Colonial period the
Economic situation would have improved. The main cause for this failure was a misguided faith in a State controlled economy.
Violent conflict played a significant part in the down fall of the
Economic well being of the people, with a resulting lost of investment.
This is a summary.
1874--Gold Mine in Wassa and Asante
1946-1950 gold export rose from 6 million pounds to 9 million pounds.
1898--1927 British built Railway expansion in Ghana.
1928--Takoradi Harbour.
1867--Cocoa introduced.
1877--Cocoa first eported to Britain.
1951--Revenue from cocoa was 60 million pounds.
Cocoa Marketing Board (CMB) was found in 1947.
1957 Inherited 200 million pounds from British
1957 to 1966Development Projects/Policies:
socialist path to development
proliferation of state farms and industries
no linkages between farms and industries
universities and secondary schools
health care facilities
negative NPV projects (e.g., Job 600)
WET (e.g., Akosombo Dam)
Price controls
emphasis on cocoa for export
inheritance is fully spent
balance of payment deficits
inflation
disguised unemployment
Foreign debts
1966 to 1972
De-nationalisation of state farms and industries
university student loan scheme
families asked to take more responsibility for education
proliferation of non state run medical practice
blue print for sewage system for the whole country
Devaluation
elimination of price controls
emphasis on staples for domestic consumption
unemployment
foreign debts and servicing
cedi value allowed to fall
good excuse for military
1972 to 1979
Repudiate foreign debts
Operation feed yourself and industry
revaluation
price controls
import licensing
university loan scheme
CMB scholarships for education on whom you know basis
increase money supply
Kalabule
inflation
smuggling
1979
seize assets from cheats
burn down makola, the citadel of kalabule
enforce tax code
price controls
rationing
1979 to 1982
relax price controls
reestablish credibility with donor and donor countries
inflation persists
balance of payment problems persist
kalabule persists
1982 to 1984
socialist path to development
price controls
rationing
PDC's in charge of distribution
WDC's in charge an as part of the IMCC
use of force to control prices, smuggling
confiscate 50 cedis note
blame the rich
embargo on Ghana
Inflation
queing
lack of medicine, food, transportation, etc.
Rawlings chain and necklace
1984 to 2000
Economic recovery program
free markets
layoffs at civil service
students bear more of cost
patients bear more of cost
stock exchange
PAMSCAD
more free markets less state owned industries
float the cedi
boost exports
VAT, then UNVAT
inflation
massive unemployment
schools/health care is broken down
interest rate at close to 50%
Goods available but not affordable
2006-10-21 03:43:23 · answer #1 · answered by Danny99 3 · 0⤊ 0⤋
Colonialism as it's been practiced has generally been harmful for indigenous peoples, the Ancient Greeks had a slightly different model of colonialism that was less destructive. They would construct a city-state as a trading post and leave the rest of the landmass to the locals. Every model of colonialism after ancient Rome has been extremely destructive for the indigenous peoples of the area and brought with it slavery, imperialism and racism. This has indeed been morally wrong.
2016-05-22 01:58:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Sorry but assertion is defined as an empathic statement; stating emphatically that something is true. Your 1st sentence was a statement of fact (it wasn't a real question). And since assertion indicates what is said is true; without room for argument...providing anything but agreement with your declaration is meaningless and without value to the person asking the question.
Perhaps rephrasing the question will invite /an open debate.
2006-10-19 04:28:32 · answer #3 · answered by iraq51 7 · 0⤊ 0⤋
Yes Colonialism and Imperialism,did leave a lot to be desired when it came to developing the countries concerned. However it is many many years since this happened,and during these years they have had the chances to take their country forward, to educate the people make jobs and housing available etc.But due to bad government crooked officials and despots for leaders, they seem to be taking one step forward, for every three steps backwards.They must sort themselves out and stop blaming to-days people for the mistakes made by yesterday` people.
2006-10-19 13:15:53 · answer #4 · answered by Social Science Lady 7 · 1⤊ 0⤋
There are books on these topic. Might do you some good to read them up. For instance 'How Europe under developed Africa' by Rodney King.
I do not agree on a personal level. Colonialism ended decades ago. African nations should stop passing the buck and square up to their challenges.
2006-10-19 04:24:11 · answer #5 · answered by violeo 5 · 1⤊ 0⤋
Where were the people of Ghana when this was taking place? Surely they should have done something and what have they done for themselves now the colonialists have gone?
2006-10-19 08:25:53 · answer #6 · answered by marizani 4 · 0⤊ 0⤋
Not sure but whatever it is, its in their hands to make the country work. Lets hope that more African countries have administrations that are law abiding and stop stealing al th emoney needed to make their countries work.
2006-10-19 04:13:54 · answer #7 · answered by Steve J H 2 · 0⤊ 1⤋
who fuc k ing cares?
2006-10-19 04:13:08 · answer #8 · answered by fanny a 1 · 1⤊ 1⤋