…. Of all the banes confronting the economics of the developing nations, not in the
least in seriousness in consistency in policy. Apart from the
quit obvious factor
of frequent changes of governments in these countries, a phenomenon which
invariably tolls the death knell of
existing polices each time a government
is swept out of
office , even stable
government themselves seem to have
a knack of modifying
policies frequently. A
leader of government is is often
regarded as radical, and hence
popular, when he shakes
up hid cabinet .such shakes up
often leads to change
of policy
Quite often,
such avoidable changes
reflect the shift in
leaders friendship patterns in the
third world countries, a
position at the top attracts a large number of friends, a phenomenon which engenders keen
rivalry for attention among the friend, back
biting is hence not uncommon
and a favorite who is today rewarded with an office may easily
get the boot tomorrow
Basically the poor economic situation , a common cost of social unrest, bring about frequent changes
in policy. An economic policy which does not produce the expected result within a short period of time is usually thrown out, often with the initiators of the policy. Sadly though the fault lies, not so much
with the policy as with
factor both within and outside,
beyond the operators. The truth here is that failure tends
to rush leaders into taking rash actions
which result in further
damages
Finally, quite a number of the sharp changes are
dictated or at least
influence from outside. In a situation
where a weak country decides
to embrace a stronger one, it has
to contend with some dictations
from other strong partners. To
reach an agreement with another
country necessarily means modifying
operation at home in so far
as the agreement affects activities at home. For instance to take a loan from a stronger
country is to tailor one’s economic
operation to reflect the spirit
of the loan agreement
Frequent
changes in policy harm development far
more than realized. Apart from the financial wastage brought about the sudden abandonment of
project when new rulers assume
office, the resulting
sense of insecurity scares off
foreign inventors. Besides, inconsistency in policy hinders
the concentration of effort on
specific projects . moreover, the frequent
abandonment of project mid stream, especially those being executed under
international agreements, tends to suggest
aids donor and leader that
the beneficiaries are not serious
. and potential donor
and leader prefer dealing
with serious minded and committed leaders
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