Impacts of Sudan Macroeconomic Policy on Agriculture

Résumé du livre

The crisis of Southern Sudan and eminent secession in 9 July 2011 is a nightmare to the Sudanese national economy. The dependence on oil revenue that controlled the country for the past 11 years and negligence of the other real economy's economic sectors, agriculture and industry severely threatens the country. That is not only with diminished returns but with also with economic nightmarish economic catastrophe, famine and internal implosion. Short-sightedness on utilizing the oil money that bubbled the economy atrophied the real economic sectors and disabled it from responding to secession consequences of parting with 75% of revenues from oil that going with the south. The industrial sector died with over-taxation and the agricultural sector emaciated with the privatization, lack of funds to be re-innovated, maintained or be supplied with normalized prices of inputs. Moreover, crisis in Darfur and recently in Southern Kordofan regions marginalized their abilities to share in agricultural production. The current paper discusses changes that occurred in the agricultural sector of Sudan and how it tuned into predated prey to taxation and levies. The regression of the economic sectors does not support assumptions that there can be recovery in the sort or the medium terms. Moreover, the declared responses of macroeconomic policies seem vague on how to ameliorate the current and future situation. More likely, it seems like dream-walking that enhances beliefs that it is not realistic. In our conclusions, unless there are quick responses from the international society it is more likely that there shall be total and irreversible collapse of the whole Sudanese economy.