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From the Lagos Plan of Action (LPA) - DPMF.org

From the Lagos Plan of Action (LPA) - DPMF.org

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20 <strong>DPMF</strong> Occasional Paper No. 13(e) Its vision <strong>of</strong> democracy is defined by <strong>the</strong> needs <strong>of</strong> creating afunctional market;(f) It under-emphasises <strong>the</strong> external conditions fundamental toAfrica’s development crisis, <strong>the</strong>reby not <strong>of</strong>fering any meaningfulmeasure to manage and restrict <strong>the</strong> effects <strong>of</strong> this environment onAfrica’s development efforts. On <strong>the</strong> contrary, <strong>the</strong> engagementthat it seeks with institutions and processes like <strong>the</strong> World Bank,<strong>the</strong> IMF, <strong>the</strong> WTO, <strong>the</strong> United States’ Africa Growth andOpportunity Act (AGOA) and <strong>the</strong> Cotonou Agreement will fur<strong>the</strong>rlock African economies disadvantageously into this environment;(g) The means for mobilisation <strong>of</strong> resources will fur<strong>the</strong>r <strong>the</strong>disintegration <strong>of</strong> African economies witnessed as a result <strong>of</strong>structural adjustment and WTO rules.And <strong>the</strong> African scholars having made such a substantive critique <strong>of</strong>NEPAD, proceed to list strategies and policies which need to be pursuedby African Governments in place <strong>of</strong> those suggested by NEPAD. What<strong>the</strong>se scholars are calling for is essentially contrary to <strong>the</strong> fundamentalphilosophy and assumption behind NEPAD, and includes, for example:(i)With regard to <strong>the</strong> external environment, stabilisation <strong>of</strong>commodity prices, reform <strong>of</strong> <strong>the</strong> international financial system(to prevent debt, exchange rate instability and capital flowvolatility), as well as <strong>of</strong> <strong>the</strong> WB and IMF, an end to IMF/WBstructural adjustment, fundamental changes in <strong>the</strong> existingagreements <strong>of</strong> <strong>the</strong> WTO regime, etc.(ii) At <strong>the</strong> local, national and sub-regional levels, developmentpolicy must promote, protect and support agriculture, industryand services, including health and public education – throughtrade, investment and macro-economic policy measures. Afinancing strategy must seek to mobilise and build on internaland intra-African resources through imaginative savingsmeasures, reallocation <strong>of</strong> expenditures away from wasteful andunproductive areas such as military expenditure and corruption.(iii) These measures require, above all, <strong>the</strong> reconstitution <strong>of</strong> <strong>the</strong>developmental state: a state for which social equity, social

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