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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Trapped in Development Crisis and Balkanisation: Africa versus Globalisation
Author:Boafo-Arthur, KwameISNI
Year:2000
Periodical:African Journal of Political Science (ISSN 1027-0353)
Volume:5
Issue:1
Period:June
Pages:124-145
Language:English
Notes:biblio. refs.
Geographic term:Africa
Subjects:globalization
international economic relations
economic integration
economic development
Development and Technology
Economics and Trade
international relations
Economics, Commerce
Development policy
Economic and social development
External link:https://d.lib.msu.edu/ajps/88/OBJ/download
Abstract:Undoubtedly, globalization is a complex process. It is touted as having the potential to accelerate Africa's development if the continent's economies would be reformed in accordance with market principles. But clearly, globalization is widening the disparities between the developed and developing economies. Africa's economies, in particular, are experiencing severe stagnation and, in some case, decline. By exacerbating Africa's development crisis, globalization further poses a challenge to Africa. It emphasizes economic integration as the only viable alternative for survival in this New World Order, and the urgency for a renewed commitment to the African Economic Community (AEC). Given the inherent weakness of existing regional integration schemes and the constraints in the development environment, there is also the need to reformulate the theoretical basis of the African Economic Community by incorporating the idea of 'variable geometry' to enable countries to join the AEC as and when they can cope with the economic and political demands of integration. Bibliogr., notes, ref., sum. [Journal abstract]
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