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International Political Economy - Case Study #1 Zambia.  

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Ernie Gilbert International Political Economy Ken Gilmore Case Study #1 Zambia Beginning in 1992 some 50 countries began implementing International Monetary Fund (IMF) structural adjustment programs (SAP). These programs were designed to help third world countries become more developed and to diversify their economies. When a country can no longer continue borrowing money, adjustment is deemed appropriate and often necessary. Usually the IMF promotes diversification of the nation's economy. This creates a wider base of influence in the global market, hopefully pulling said nation out of debt. The IMF SAPs are designed to help this adjustment take place, but to who's benefit? Consequently these programs have become extremely controversial. Do these SAPs leave their host countries better off? Zambia is one such country. Its results show that the SAPs are ineffective because they do not address specifics, communicate efficiently with themselves, or improve the state's own well-being. Throughout the 70s and late 80s Zambia's main...

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