Globalization, Its Implications and Consequences for Africa

Akindele, S.T.; Gidado, Taofeek Oluwayomi; Olaopa, Olawale R.

doi:10.1080/09718923.2001.11892309

Cited by 13 publications

(14 citation statements)

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“…The initiative derives its impetus from outside Africa and smacks of falsehood to foist originality on this new-colonial contraption. Africa-driven development initiatives were all killed by the same forces that are today encouraging the NEPAD scheme (Akindele, Gidado and Olaopa: 2001).…”

Section: Nepad'smentioning

confidence: 99%

How Africa Got into a Mess: Colonial Legacy, Underdevelopment, Corruption and Human Rights Violations in Africa

Mekoa

2019

J. Rev. Global Econ.

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The political independence that the people of Africa attained over the last four decades was not a gift from the Western colonial powers. It was however the result of the struggles of the African people against foreign domination and exploitation. The political independence of Africa however did not yield good results for African people. The colonial powers having looted the African continent and its rich natural resources left Africa an empty shell. The independence of Africa could not lead to genuine development of the former colonies. To change the state of affairs which Frantz Fanon describes as "The wretched of the earth", has forced African people into a new form of domination, called neo-colonialism in various forms. This new form of colonial domination was defined by the All African People's Conference (AAPC) which took place in 1962 in Cairo as 'the survival of the colonial system in spite of formal recognition of political independence in emerging countries which became the victims of an indirect and subtle form of domination by political, economic, social, military or technical means' (Machyo 1996:35). It was also pointed out that this new form of foreign domination was the greatest threat to African countries and sovereignty. The reason being that the neo-colonial powers had the tendency to resort to 'economic and political intervention in order to prevent African leaders from directing their political, social and economic policies towards the exploitation of their people and their natural resources. The problems of modern Africa in the post-colonial period are a mockery for the so-called independent or liberated Africa. The conditions of the African people are worse than they were in the colonial period. However other problems of Africa were not of colonial design but African design like under-development, corruption and human rights violations. The purpose of this article is to examine the problems plaguing post-colonial Africa.

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Section: Nepad'smentioning

confidence: 99%

How Africa Got into a Mess: Colonial Legacy, Underdevelopment, Corruption and Human Rights Violations in Africa

Mekoa

2019

J. Rev. Global Econ.

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“…Globalization, according to Akindele (2002) refers to the process of the intensification of economic, political, social and cultural relations across international boundaries. It is principally aimed at the transcendental homogenization of political and socio-economic theory across the globe.…”

Section: The Concept Globalizationmentioning

confidence: 99%

Globalization and the African Economic Crisis: An Overview

Onimisi

2014

Int J Soc Sci Mgt

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Globalization is a phenomenon that is fast sweeping through the world and of which Africa is not immune to, and it is very instrumental in molding the world from politics to economy, from religion to culture. In understanding the relationship that existing between the African economy and the wider world some economic indicators will be a useful tool in this analysis. The research focuses on how globalization has shaped the African economy, taking into cognizance the impact of the concept on Africa's key sectors like Poverty, Trade Relations, and Debt Burden. Haven identified the crisis associated with globalization as it relate to Africa's economy, the research recommend sustained and profitable engagement of Africa with the developed world and good governance is needed to strengthen the development process in African states if these recommendations are implemented the African economy will be strategically positioned in the complex theater of world economy.

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“…It has been said that MNEs seek location specific advantages in the host countries without corresponding benefits for the host economies (UNCTAD, 1999;Kebonang, 2006). On a general note, liberalisation processes have spawned an 'imperial policy' of the conquest of capitalism over the rest of the world (Akindele, Gidado, and Olaopo, 2002). The benefits of trade liberalisation and economic openness advocated by the Washington consensus do not only benefit the West, but have entrenched their political and economic dominance as well.…”

Section: Trade Liberalisationmentioning

confidence: 99%

Decent and coarse forms of political economy: Evidence from South Africa

Aregbeshola¹

2012

Afr. J. Bus. Manage.

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The Political economy of a country is influenced by the economic philosophy and political ideology of the leadership. Evidence suggests a positive relationship between a country's economic development and the macroeconomic environment. For instance, the impact of macroeconomic policies adopted upon political emancipation in South Africa has been questionable. With a neoliberal undertone, the policy's prevision to attract long-term foreign capital, which was expected to drive economic growth and generate employment, has proven to be over-ambitious. Research was done on the perception of the policymakers and investors on the effectiveness of the policy initiatives on capital inflow and socioeconomic variables. Using descriptive statistics, the research suggests that the current policies need to be reformed to achieve socioeconomic peacefulness, which is essential to creating an investor-friendly environment. Increasing social unrest in the country makes it vital to formulate policies that are capable of improving the country's investment competitiveness. If unchanged, the current socioeconomic ills that have generated a series of uprisings may become unmanageable, thereby precipitating political instability.

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Globalization, Its Implications and Consequences for Africa

Cited by 13 publications

References 1 publication

How Africa Got into a Mess: Colonial Legacy, Underdevelopment, Corruption and Human Rights Violations in Africa

How Africa Got into a Mess: Colonial Legacy, Underdevelopment, Corruption and Human Rights Violations in Africa

Globalization and the African Economic Crisis: An Overview

Decent and coarse forms of political economy: Evidence from South Africa

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