UCLA Malawi versus the World Bank Essay
Description
The essay portion of #2 will focus on the article, Malawi versus the World Bank (p. 136 in Conformity and Conflict, 15th edition).
1. What are the five points of the Washington Consensus structural adjustment program (SAP)? What is the economic theory behind them?
2. What is the history of farm support in Malawi and how did taking loans from the World Bank and IMF change that history?
3. When it followed SAP guidelines, the government of Malawi ceased to provide fertilizer for its farmers. How did that impact the country’s people and agricultural output?
4.What happened when the government of Malawi recently again began to provide fertilizer for its farmers? What does that say about the World Bank and International Monetary Fund (IMF) policy?
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