Global Financial Crisis: An Opportunity to Revisit the Neo-Liberal Model of Socio-Economic Development

"The current global economic and financial crisis, provides for yet another opportunity to revisit the neoliberalism paradigm, which has been operational in Sub-Saharan Africa for almost three decades. The performance of this development framework, with its attendant policies and strategies, leaves much to be desired. The adopted policies and strategies are not only informed by a set of wrong assumptions, but are also coupled with loss of policy space and ownership of the development agenda. The ultimate effects being those of : modest economic growth rates, persistent poverty in SSA and low resilience to crises. These negative outcomes logically activate the “search engine” for alternative development pathways."