Abstract
The abundant natural resources in Africa have made the continent a raw material base for the global economic system. However, it has largely remained at the receiving end of the global economic equation, despite being a principal supplier of primary commodities. This chapter examines the development strategies adopted by African states to accelerate economic growth, trade and investment during the postcolonial period. Yilmaz and Enwere argue that the development ideas of the global North have not worked well for Africa. However, the burgeoning economic partnerships between countries of the global South have enhanced economic growth in Africa and reduced the continent’s dependence on Western capital.
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Notes
- 1.
Athar Hussain and Keith Tribe, Marxism and the Agrarian Question: German Social Democracy and the Peasantry 1890–1907, (Hong Kong: Macmillan Press Ltd., 1981), 23.
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Peter Schraeder, African Politics and Society (Belmont: Wadsworth Cengage Learning, 2004), 302–304.
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Peter Schraeder, African Politics and Society (Belmont: Wadsworth Cengage Learning, 2004), 303.
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Ibid., 323.
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Ibid., 324.
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Ibid., 334–336.
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Thandika Mkandawire, and Olukoshi, Adebayo, Between Liberalisation and Oppression: The Politics of Structural Adjustment in Africa (Darkar: CODESRIA, 1995).
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Schraeder, African Politics, 302–305.
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Walter Rodney, How Europe Underdeveloped Africa, (Dar es Salaam: Tanzania Publishing House, 1972), 176.
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Ibid., 176.
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Amin Samir, D. Chitala, and Mandaza. I., SADCC Prospects for Disengagement and Development in Southern Africa: Studies in Africa Political Economy, (United Nations University, London, ZED Books Ltd., 1987), 56.
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Hulme Gereig and Mark Turner, Challenging Global Inequality, (New York, NY: Palgrave Macmillan, 2007), 75.
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Razzaque, Trading with the Rising South, 5.
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Oliver Morrissey, Evious Zgovu, The Impact of China and Idea on Sub-Saharan Africa: Opportunities, Challenges and Policies (London: Commonwealth Secretariat, 2011): 45.
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Marco Fugazza, and David Vanzetti. A South-South Survival Strategy: The Potential for Trade among Developing Countries (Geneva: UNCTAD/ITCD/TAB/34, 2006).
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Ibid.
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Rajan Sudesh Ratna, “Promoting South-South Trade: Recent Development and Options,” ARTNeT Policy Brief, United Nations ESCAP, No. 17, (2009): 2.
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Ibid., 4–6.
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Yilmaz, M., Enwere, C. (2018). Postcolonial Africa’s Development Trajectories. In: Falola, T., Kalu, K. (eds) Africa and Globalization. African Histories and Modernities. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-74905-1_4
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