Political Science 3205F/G Chapter Notes -Demand Factor, World Food Programme, Economic Community Of West African States
27 Jan 2013
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Is that no substantial famine has ever occurred in a country with a democratic form of government and relatively free press. To recap, state controls created commodity shortages while inefficient and unprofitable state enterprises failed to deliver the goods. Second generation problems for example a good or agricultural crises was produced when. Most african governments acknowledged the importance of agriculture. Inadequate supply situations coupled with soaring government expenditures financed by printing money, resulted in inflation in many african countries. Anything that discourages savings has a negative impact on investment. To compensate for low domestic savings, african governments borrowed feverishly from abroad. Distributions of controlled commodities in shortage find that they can exploit the situation by extracting rent and pocketing bribes. Resentment steadily builds in those excluded from the spoils of power people may simply pack up and vote with their feet, becoming economic refugees.
