Africa in the 21st century: Legacy of imperialism and development prospects
NOVANEWS
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Jon V. Kofas
Some arguments made today on why Africa cannot catch up with the West were also made 100 years ago when Africa was under European colonization, with the colonizers blaming everything but imperialism as the root cause of underdevelopment. The world economic structure has not changed, no matter the rhetoric of globalization. Africa remains semi-colonial: increasingly dependent on developed countries for overvalued manufactured goods while exporting raw materials at prices determined by commodity markets in the West.
Abstract
This essay argues that Africa is undergoing changes in its economies in the 21st century, not only because of the role that China is playing but owing to intense competition from other Western countries and the Middl...