Mallya, Ernest T.
Description:
Every time when an existing social, political or economic system is changed, some participants in the community benefit while others lose in one way or another. This is much so when it comes to changes in political systems as well as economic systems. For the African continent, there have been system changes in both the economy and in politics and in some cases it has been forward and backward depending on the successes or failures experienced with every change. The economic changes came with the surge of the International Financial Institutions (IFIs) involvement in African economies in the early 1980s after many of the Sub-Saharan African countries experienced huge economic problems due to a catalogue of reasons ranging from mismanagement, corruption, natural calamities, failed states, unequal world economic system to internal and imposed political upheavals.