Bringing Down the Temple: Suicide by Economic Demise
Issam A.W. Mohamed
Al-Neelain University - Department of Economics
June 24, 2010
The Sudanese political crisis is delivered worldwide in all media. Current issues are focused on the Southern Secession and birth of the South Sudan Nation, the recent rebellion in Southern Kordofan and the Darfur stalemate. Additional crisis are brewing in Sudan's Eastern Region of the Red Sea, the Lands of the legendary Fuzzy Wuzzy and another in the Northern land of ancient civilization, Nubatia. That seems like simulated infectious epidemic predictive call for democracy and liberty from totalitarian regime. However, in our current paper we introduce another theory that such conceals uprisings are simulated by economic management of the country, rife corruption, escalated poverty and destitution of the nation and unprecedented economic hoardings that left the masses with diminishing resources for bare subsistence and survival. Impacts of the Global Financial Crisis were heavy on a country that neglected its potential agricultural resources and mainly depended on scanty oil resources. Secession of the Southern Sudan will deprive it from 75% of those resources which leaves the country in a bleak situation. Additionally, its financial and banking institutions suffered massive losses that left it crippled and unable to finance the other real economic sectors, e.g., agriculture and industry. Moreover, shadow and fraud financial institutions called the Pipes deprived the people of their savings in many regions. Authorities stood unwilling and unable to carry out rectifications and restructurings of the economy with diminishing ability to borrow from the International Society that unwilling to extend hand for help.
Note: Downloadable document is in Arabic.
Number of Pages in PDF File: 27
Keywords: Sudan, Darfur, South Kordofan, Political Stalemate, Economic Crisis, Global Financial Crisis
JEL Classification: A00, A10, A11, D2, D6, D20, D60, D61, D62, D63, D69, E00, E10working papers series
Date posted: June 27, 2011 ; Last revised: August 8, 2011
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