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Making Poverty A History in Africa: The Role of the G8

Amobi P. Chiamogu

,

Eugene Nweke

,

Mba Cornelius Chukwudi

Amobi P. Chiamogu 1
Eugene Nweke 2
Mba Cornelius Chukwudi 3

  1. Department of Public Administration Federal Polytechnic, Oko 1

  2. Department of Political Science Ebonyi State University Abakaliki 2

  3. Department of Social Science Education University of Nigeria Nsukka 3


Abstract:

The issue of Africa living with the scourge of endemic poverty is not a recent trend. This is for the fact that poverty is one of the major factors defining the underdeveloped and developing third world societies world-wide and Africa in particular. Several factors have been identified in this study as being responsible for the perpetuation of poverty in Africa. These include war and armed conflicts, illiteracy, poor agricultural practices and land owning policies, poor water and sanitation, health and education, corruption, among others. The G8 we know is a forum of the eight leading industrialized nations of the world. In their summits, they have reached a number of policy agreements aimed at fighting poverty and eradicating it to the point of making it a history. There were theoretically some arguments for and against the dependence on exogenously induced economic measures to eradicate poverty rather than the endogenous measures. The dependency and the modernization schools of thought proffered their solutions to the scourge of poverty in Africa. In all, it was seen in this study that the G8 has made few efforts in line with debt cancellation, aids and technical assistance as well as in the areas of trade liberalization. All aimed at fighting poverty in Africa but it was discovered that these are not enough as their failures were numerous. It was therefore suggested that African countries should look inwards for the solution to their poverty. If not, if the G8 is really serious and committed there are many more things they need to do if they will actually help in making poverty a history in Africa.

Contribution/ Originality

Keywords:

Permanent Income Hypothesis, Absolute Income Hypothesis, Consumption Smoothing

Reference:

  1. Ahmed, H. (2002) “Failures of IMF, World Bank”. All Africa. Pp 18 – 20.
  2. Amin, S. (1970) Cited in Davidson, B. (1971). Which way Africa? Baltimore, Penguin Books.
  3. Berger, P.L. (1976). Pyramids of Sacrifice. New York, Anchor Books. Pp 11 – 13.
  4. Bhattacharya, K.N. (2006). Indian Plans. India, Vrinda Publicaitons (p) Ltd. P 4.
  5. Brenth, K.L. (2007). “Do Social-Welfare Policies Reduce Poverty? A Cross-National  ssessment”. Social Forces, Vol.77, No.3, Pp1119 – 1139.
  6. C.B.C. News, (2007). “Wars Cost Africa $18 Billion US a Year”. News Report, October 11.
  7. Danquah, P.R. (2009). “We can Fight Poverty in Africa”. http://www.ifpri.org/media/200912GHI/Gh/Findings.Asp. Retrieved, August 21, 2009. 16.10pm.
  8. Debt Update. (2005). “Make Poverty History”. http://www.makepovertyhistory.org.nz. Retrieved, August 21, 2009. 14.15pm.
  9. Ian Vasquez, J. (2009). “Ending Mass Poverty”. http://www.theperspective.org. Retrieved, September 3, 2009. 20.02pm.
  10. IRIN Report. (2005). “Why Are we worried about income? Nearly everything that matters is converging”, World Development Report Vol. 33, No,1 January. Pp 1-19.
  11. Jhingan, M L. (2006). The Economics of Development and Planning, Delhi, India, Vrinda Publications (p) Ltd. 38th Edition.

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Funding:

Competing Interests:

Acknowledgement:


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