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In Africa, people striving to live and survive under the complex relationship between development and subsistence have been directly or indirectly feeling influences of globalisation. As Africa's involvement in globalisation deepens, social phenomena are apparently synchronizing or becoming more similar to those in the rest of the world, but they are not homogenised with them, especially those of developed countries now or in the past. The dichotomic view distinguishing development and subsistence has already become outdated. Day after day, African people are trying to reconcile or bridge the two as capable actors. People in Africa, faced with challenges common throughout the world, live in their own ways. Africa can contribute to the world by sharing knowledge acquired through the struggles of development and subsistence, and by bridging the two.
The first comprehensive work on globalization within the context of sustainable development initiatives in Africa.
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 thoughtful discussion probes the international roots of Africa's civil conflicts and lackluster economies. Analyzing an unwitting system that creates a set of incentives inimical to development, the authors offer a new way of thinking about Africa's development dilemmas and the policy options for addressing them. Weak states, aid dependence, crushing debt, and enclave economies, argue the authors, create disincentives for long-term economic growth and even peace. The nature of Africa's interaction with the international system often supports these negative features; thus, the remedy must come from a radical restructuring of that relationship. Africa's Stalled Development heeds that call by presenting specific and innovative prescriptions for change that are sure to stimulate a much-needed debate. -- Publisher description.
"Globalization Demystified is a study that offers a critical re-examination of Africa's perverse integration into the global capitalist system. It presents a historical analysis of how various encounters between structurally unequal economies, societies and institutions have continuously shaped the continent's past and contemporary plight of exploitation, marginalization, exclusion and abject poverty for the majority of its people."--BOOK JACKET.
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.
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.