Foreign Forces That Influence Economic Development in Malawi by Phunziro Mphwina

Topics: Economic development, United Nations, Human Development Index Pages: 3 (844 words) Published: May 15, 2013
FOREIGN FORCES THAT INFLUENCE THE AGENDA AND PROGRAMME FOR DEVELOPMENT POLICY IN DEVELOPING COUNTRIES. A number of developing countries have suffered great policy changes for their economic development. Mainly economic development intends to eradicate poverty in those countries that have great gaps between the rich and the poor. In order to achieve this there are a number of firms that are responsible for aiding some of these developing countries under different conditions. These conditions have effects on those aid seeking nations, whereby by this essay seeks to discuss some of these external forces that may lead to policy amendments in developing countries as the countries attain economic help from the well developed nations.

United Nations development report (2013: p13) justifies that many developing countries are reshaping ideas about how to attain human development. The rise of the South has resulted not from adhering to a fixed set of policy prescriptions, but from applying pragmatic policies that respond to local circumstances and opportunities. One of the factors that fosters the reshape is that of need to conform to donor policies. Knowing that the donors are an integral part of the economic development of the nations in need, despite these nations having policies of their own that would help them reach their millennium goals, developing countries are inclined to change their policies in order to match with those of the donors. All this is to have access to the aid.

The other external force that influences policy change in the developing nations is that of globalisation. Tabb (2008: p4) defines globalisation as a comprehensive term for the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. This is to say that the policies of the developed nations elsewhere can influence changes in policies of other nations...

References: Joseph P. (1992): The Economic Characteristics of IMF Program Countries, Economics Letters: PDF
Muntharika B
Tabb W.K. (2008): Life in the global market place; Microsoft cooperation.
United Nations Development Program (2013): Rise of the south: human progress in the diverse world: UNDP report.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Term paper of economic development
  • Essay on The Influence of Inflation on Economic Development
  • adolescent development peer influence Essay
  • economic development Essay
  • Essay on Economic growth and economic development
  • China’s Economic Growth and Development Essay
  • Economic Globalization: an Unstoppable Force Essay
  • history of economic development Essay

Become a StudyMode Member

Sign Up - It's Free