Globalization, the return to multi-party systems of government, and the policies advocated by the IMF and the World Bank have led to near revolutionary labor relations in Ghana and other African countries. These new social and economic forces have unleashed innovative as well as contradictory labor policies and practices that are having profound social, political, and economic consequences. The evidence presented by Panford indicates the failure of the policies of the IMF and the World Bank and calls for new and viable policies to enhance Ghana's global competitiveness and meet genuine development needs.Starting in 1983 when the cedi was valued at 2.75 to one U.S. dollar, it kept plummeting until by mid-2000, it was close to 6, 000 cedis to a single dollar. ... Although illicit, in the 1990s, this practice led to local prices being quoted in U.S. dollars.
|Title||:||IMF-World Bank and Labor's Burdens in Africa|
|Author||:||Martin Kwamina Panford|
|Publisher||:||Greenwood Publishing Group - 2001-01-01|