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.
While inequality has become a topic of increased popularity and politicization in recent years, most of the attention has focused on how 1% own an increasingly large share of the world’s wealth, rather than on inequalities between nations. In a global context in which national borders and citizenship pose few barriers to the mobility of capital, the reality is also a story of the world’s richest nations continuing to reap a disproportionate amount of the globe’s profits.
Tagged under Labour & Political Economy Inequality, Poverty, Walter Rodney, Underdevelopment
In his new book, South African academic Ndangwa Noyoo contends that Africans can longer continue to attribute their underdevelopment to the machinations of Europeans and other foreigners. Africans themselves are to blame for their own failings. An excerpt.