Not exact matches
Economic Globalization from Above entails countries of the South to accept - within the parameters of the dominant World capitalist system - the imposition of structural
adjustment programs, neo-liberal economic
policies, including the wholesale liberalization of
domestic economies, to allow unrestricted entry to transnational capital.
Although commodity price slumps, and delays in implementing
policy adjustments continue to negatively impact the Region's economic expansion, the African Development Bank predicts that strong
domestic demand, improved macroeconmic governance fundamentals and a friendlier businessclimate will continue to sustain the region's growth resilience.
And a loan agreement that imposes structural
adjustment against the wishes of the
domestic political class (not to mention the people) is barely worth the paper it's written on, and is certainly a very poor predictor of what
policy changes we'll actually see over the coming years.
Also, Fitch forecasts that, «a high inflation could have a fiscal impact if it keeps
domestic funding costs elevated (yields can be as high as 20 % on short - term instruments), although we think the Bank of Ghana may have scope to ease monetary
policy in 2017, as the impact of electricity tariff
adjustments drops out of CPI calculations, lowering headline inflation.»