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The first comprehensive work on globalization within the context of sustainable development initiatives in Africa.
This publication critically reviews the effects of globalisation on sub-Saharan Africa over the last three decades. The large gains expected from opening up to international economic forces have, to date, been limited, while there have been significant adverse consequences. Foreign direct investment in the region has been largely confined to resource - especially mineral - extraction, even as continuing capital flight has reduced financial resources available for productive investments. Premature trade liberalisation has undermined prospects for the economic development of productive capacities in many sectors - including manufacturing and agriculture -- are not sufficiently competitive to take advantage of improvements in market access.
African economies are the most dependent and the most marginalised in the global system. Prevailing policies to integrate these economies more closely with the global economy are, in the view of many misplaced and this work presents a series of alternative strategies that will tap the energies of the African people to develop their own potential and reduce their dependence on World Bank/IMF-led approaches.
This book focuses on the 'new globalization', the most expansive and technologically advanced of all the phases of globalization. It identifies and discusses many of the frontier issues in Africa that are being impacted by the dynamics of this new globalization - debt, human rights, development, state sovereignty, the environment, and the HIV/AIDS pandemic.
Outlook and Analysis of Sub-Saharan Africa in Global Economy - A Crystal Need of Changes and Policy Orientation for a Take-off in Light of Chinese Experience: A New Goal. Introductory Remarks about Sub Saharan Africa backwardness in current situation describe Africa in the World. The Past speaks to the Present towards the Horizon. Furthermore, it shows what are the major changes that have been brought by the Globalization of Markets, since the colonial destruction of the Old World today Third and Fourth Worlds. Then, it focuses on the dilemma met by peoples of these weak Old World in their pace to economic development. Globalization can cause many difficulties to Third and Fourth World nations, but also it may open up opportunities. In this era of high commercial relations and links between continents, countries or nations, worlds can adopt a variety of Development Policies. Therefore, discuss and discern what are the key-steps and key strategies that a country has to follow in order to promote economic growth and sustainable development. This will be the ultimate concern of the author.
This paper examines opportunities for Sub-Saharan African countries to effectively participate in globalization, particularly given the increasing interest of China and India in Sub-Saharan Africa. How can Sub-Saharan Africa fully engage and gain benefits from global network trade? Over the past 15 years Asia has become Africa's fastest growing export market. Asian countries are much more open to trade than Europe or America. There seems to be no evidence to suggest that this trend will not continue in the near future. The authors acknowledge the numerous caveats in Asia's growing interest in the African continent, not least the "resource curse" of exports that are heavily concentrated on oil, minerals, and raw materials, as well as the fierce competition from Asia's cheap manufactured exports. However, they believe that there is strong evidence to suggest a clear potential for South-South cooperation in trade and investment. Drawing on evidence from their extensive research into international value chains, the authors identify five critical factors for effective participation in global network trade: price, speed-to-market, labor productivity, flexibility, and product quality. Underlying competitive performance of these critical factors are a country's policies and institutions. Effective policies, efficient institutions, and the necessary infrastructure will ensure the best outcome for trading countries. To improve the depth and sustainability of these five critical factors, it is important that developing countries create a supportive policy and institutional framework from the outset.
"What are the benefits and risks for Africa’s participation in the globalisation nexus? Remapping Africa in the Global Space is a visionary and interdisciplinary volume that restores Africa’s image using a multidisciplinary lens. It incorporates disciplines such as sociology, education, global studies, economics, development studies, political science and philosophy to explore and theorise Africa’s reality in the global space and to deconstruct the misperceptions and narratives that often infantilise Africa’s internal and international relations. The contributions to this volume are a hybrid of both ‘outsider’ and ‘insider’ perspectives that create a balanced critical discourse that can provide ‘standard’ paradigms that can adequately explain, predict, or prevent Africa’s current misperceptions and myths about the African ‘crisis’ and ‘failure’ status. The authors provide a holistic, and perhaps, anticolonial and anti-hegemonic perspective that can benefit a wide spectrum of academics, scholars, students, development agents, policy makers in both governmental and non-governmental organisations and engage some alternative analyses and possibilities for socio-politico and economic advancement in Africa. The book provides up-to-date scholarly research on continental trends on various subjects and concerns of paramount importance to globalisation and development in Africa. “The book is brilliant! Remapping Africa in the Global Space: Propositions for Change explores Africa from the perspective of academics specialised in subject matters pertaining to the continent. In this age of globalisation, I find this book invaluable. It is a good read as it dissects analyses and presents issues affecting the continent in an articulate and cogent way. I highly recommend its use in academic institutions!” – Magnus Mfoafo-M’Carthy, Assistant Professor, Lyle S. Hallman Faculty of Social Work; Fellow of Tshepo Institute for the Study of Contemporary Africa, Wilfrid Laurier University, Kitchener, Canada “More than anything else, Remapping Africa in the Global Space: Propositions for Change speaks to the complex, multifaceted, and interfused character of the development challenges and prospects of Africa. Indeed, few books have examined contemporary Africa as comprehensively and insightfully as this edited volume; it is widely welcomed in the African academic, scholarly and research arena.” – Joseph Mensah, Professor of Geography, York University, Toronto "
This book looks at Africa's involvement in contemporary neoliberal globalization, paying particular attention to the social, economic, political, and cultural cost of the unbalanced structure of global wealth and power between Africa and the rest of the world.