5. Trade
Seeking foreign private capital to develop social services and infrastructure in Africa is likely to subvert human rights of our people.
- NEPAD fails to recognize that liberalization and open economy is forced upon Africa in the name of partnership. The 4th WTO Ministerial Conference at Doha is ample evidence to this.
- NEPAD is leaning towards creating conditions for the North to worsen Africa's condition more than the structural adjustment programs (SAPs). Neo-liberalism seems to take center-stage in NEPAD- open economy, good governance, partial measures of debt relief, increased aid and conditionalities, and a promise for greater access to Northern markets.
- NEPAD seem to forget that none of the SAPs implemented in African countries managed to have a good social fund proving adequate to fill the social gap. Thus, even in NEPAD inadequate attention to the social needs of the people still remains a thorn in the flesh for many African communities.
- NEPAD risks the lives of African people, their access to basic essentials of life by its clamour for foreign investment especially FDIs.
|
Related documents