scholarly journals Post-Colonial Africa and the World Economy: The Long Waves of Uneven Development

2015 ◽  
pp. 124-146 ◽  
Author(s):  
Fouad Makki

The aim of this article is to examine the interactive dynamics of "Africa" and the "world economy" over the past half century. By relating the overarching developmental trajectory of the continent to the long-wave rhythms of the world economy, the article identifies three relatively articulated periods in the political economy of postcolonial Africa. The first, from circa 1960 to the late 1970s, was a period of state-led developmentalism enabled by the long postwar boom in the world economy and the embedded liberalism of the Bretton Woods system. A second period from circa 1980 to the turn of the new century was conditioned by the long downturn in the world-economy and a neo-li beral regime of accumulation that sought to re-structure and re-integrate Africa into a deregulated world market. The turn of the new millennium constitutes a new period in which neither the deep structural springs of the long downturn nor the neo-liberal project as such have been overcome; but their impact on Africa has been relativized by the emergence of East Asia as the new center of accumulation in the world economy. The resulting de-synchronization of the long-wave rhythms of the world economy has permitted a modest economic expansion in Africa within a largely extractive regime of accumulation and a wave of new enclosures that are profoundly reconstituting the social universe of Africa's primary producers.

2018 ◽  
pp. 38-74
Author(s):  
Barry Rider

This article is focused on exploration not merely proposed developments in and refinements of the law and its administration, but the very significant role that financial intelligence can and should play in protecting our societies. It is the contention of the author that the intelligence community at large and in particular financial intelligence units have an important role to play in protecting our economies and ensuring confidence is maintained in our financial institutions and markets. In this article the author considers a number of issues pertinent to the advancement of integrity and in particular the interdiction of corruption to some degree from the perspective of Africa. The potential for Africa as a player in the world economy is enormous. So far, the ambiguous inheritance of rapacious empires and the turmoil of self-dealing elites in post-colonial times has successfully obscured and undermined this potential. Indeed, such has been the mismanagement, selfishness and importuning that many have grave doubts as to the ability of many states to achieve an ordered transition to what they could and should be. South Africa is perhaps the best example of a society that while avoiding the catastrophe that its recent past predicted, remains racked by corruption and mismanagement. That there is the will in many parts of the continent to further stability and security by addressing the cancer of corruption, the reality is that few have remained or been allowed to remain steadfast in their mission and all have been frustrated by political self-interest and lack of resources. The key might be education and inter-generational change as it has been in other parts of the world, but only an optimist would see this coming any time soon – there is too much vested interest inside and outside Africa in keeping things much as they are! The author focuses not so much on attempting to perfect the letter of the law, but rather on improving the ways in which we administer it.


Author(s):  
A.V. Korchemnaya

Competitiveness of Russia economy under modern conditions demands systemacy of public administration. As a result of creation of national strategic planning system a number of govern-ment programs aimed at the economy development of the Russian Federation and perspective en-trance of the country to the world market is carried out. One of the main tasks of the economy de-velopment is creation of favorable investment climate in the country, investment activity, attraction of investments into the economy of the country’s regions.


Author(s):  
Xueli Wei ◽  
Lijing Li ◽  
Fan Zhang

Pumping elephantThe COVID-19 pandemic has adversely affected the lives of people around the world in millions of ways . Due to this severe epidemic, all countries in the world have been affected by all aspects, mainly economic. It is widely discussed that the COVID-19 outbreak has affected the world economy. When considering this dimension, this study aims to examine the impact of the COVID-19 pandemic on the world economy, socio-economics, and sustainability. In addition, the research focuses on multiple aspects of social well-being during the pandemic, such as employment, poverty, the status of women, food security, and global trade. To this end, the study used time series and cross-sectional analysis of the data. The second-hand data used in this study comes from the websites of major international organizations. From the analysis of secondary data, the conclusion of this article is that the impact of the pandemic is huge. The main finding of the thesis is that the social economy is affected by the pandemic, causing huge losses in terms of economic well-being and social capital.


2015 ◽  
Vol 3 (1) ◽  
pp. 196
Author(s):  
Jorgen Sandemose

<p>This article presents a criticism of Nancy Fraser’s influential essay “Behind Marx’s Hidden Abode. For an Expanded Conception of Capitalism”. After a short introduction determining Fraser’s theoretical stance amidst the critical waves around Karl Marx’s positions, her concept of “abodes”, thought to be hidden from Marx’s view of the capitalist order, is analyzed. Thereupon, certain limitations of her interpretation of the “economic” dimension in Marx’s work is pointed out, and also how they lead to misconceptions of the theory of the social formation as a whole. Furthermore, it is shown how Fraser is tempted to introduce ill-considered and alien elements into Marx’s view of the international economy (the world market), thereby rendering meaningless a Marxian concept of the political. Towards the end, the distinctively empiricist aura in which Fraser’s theory is presented is being criticized: It represents a rupture with any possible revolutionary theory.</p>


2017 ◽  
Vol 22 (04) ◽  
pp. 1750022
Author(s):  
EUNICE MARIA M. N. DOS SANTOS ◽  
JOÃO J. FERREIRA

This study involves the analysis of the scientific outputs on informal entrepreneurship (IE hereafter) over the period from 1990 to 2016. We deploy a combination of bibliometric techniques such as citations, bibliographic coupling as well as approaching the social networks established. We sourced the contents thus analyzed from the online Thomson/Reuters-ISI database and the online Scopus database run by the Elsevier Publishing Company, which returned a total of 44 and 95 publications for analysis, respectively. From among the 139 articles analyzed, the journals Entrepreneurship and Regional Development and Journal of Developmental Entrepreneurship stand out as the publishers of the largest number of articles. We encounter studies on IE in developing countries as a low-income activity that contributes to the economic development of the region. The motivations and the determinants of informality are common to the majority of the scientific outputs and effectively serving as the analytical basis either for arguing in favor of the formalization of the business. Another aspect present in the literature interrelates IE with the quality of governance and economic liberalization. This analysis facet ensures IE gains in scientific profile within the ongoing context of discussions over neoliberalism and its effects on the world economy.


1978 ◽  
Vol 19 (3) ◽  
pp. 341-368 ◽  
Author(s):  
Paul E. Lovejoy

At a time when coastal West Africa was responding to the growth of ‘legitimate’ trade, the Sokoto Caliphate was experiencing dramatic expansion in the plantation sector. Plantations (gandu, rinji, tungazi), which used slaves captured by the Caliphate armies, were established near all the major towns and were particularly important around Sokoto, Kano, Zaria and other capitals. Plantation development originated with the policies of Muhammad Bello, first Caliph and successor to Uthman dan Fodio, who was concerned with the consolidation and defence of the empire. Besides promoting the economic growth of the capital districts of Sokoto and Gwandu, Bello's policy encouraged the expansion of the textile belt in southern Kano and northern Zaria. Similarly, the desert-side market in grain also benefited from the emphasis on plantations. The result was the greater integration of the Central Sudan region into a single economic zone. The role of plantations in the economy differed from that of plantations elsewhere in the world. Market forces tended to be weaker, and no single export crop dominated production. Rather, the orientation towards the desert-side sector indicates that opportunities for expansion were limited, while the importance of textile manufacturing reflects the relatively weak links with European and other textile production. Other differences included a system of Islamic slavery which encouraged emancipation, a close connexion with slave raiding and distribution, and a system of land tenure which often resulted in fragmented holdings. Stronger links with the world economy did develop in parts of the Caliphate towards the end of the nineteenth century. Nupe and Yola were drawn more closely into the world market through the greater use of the Niger and Benue rivers, but these changes only marginally affected the wider Caliphate economy.


1992 ◽  
Vol 36 (1) ◽  
pp. 32-40
Author(s):  
Wolfgang Kessler

Abstract Wolfgang Kessler gives a report on the latest developments ofthe GATT negociations. The failure ofthe Uiruguay round in the autumn of 1990 and the irksome attempts at reanimation are depicted as a result of the strategy ofthe industrialized countries to bargain for their interests by demanding an extension oftheir free trade policy on additional parts of the world market. Kessler contrasts this strategy with a model of an ecologically and socially regulated world trade founded on world-wide agreed upon treaties that focus on a sustainable world economy.


2018 ◽  
Vol 212 ◽  
pp. 08026
Author(s):  
Olga Borisenko ◽  
Dmitry Sukharev ◽  
Marina Fomina ◽  
Nataly Kondakova

The article is devoted to the analysis of the problems of economic globalization in China and as a factor of cultural security. A philosophical analysis of the social aspect of China’s regional development. J. Sigurdson, like many researchers, analyzes economic, political factors, technological innovations, regional development programs of China. Our attention was drawn to the fact that he is one of the few Western researchers who analyze social problems. J. Sigurdson gives an analysis of Chinese society in the context of the development of technological systems. He notes that the creation of clusters, the use of new technologies contribute to the development of the social infrastructure of modern Chinese society. It is worth noting that his analysis is based on the historical information approach. In this case, we are not interested in ascertaining the facts presented by him, but in describing the role of innovation systems in the development of the social sphere of Chinese society. Thus, the relevance of this article is due to the need to analyze Western research on the social factor of regional changes in China. The entry into globalization processes and the perception of the economic opportunities of the modern world in China is refracted through traditional culture and allows not only to preserve its own values, but also to successfully adapt them to the realities of the present day on one hand and spread it outside on the other. China plays an important role in the modern economic development of the world. The main task of the Chinese strategy for the development of clusters was to ensure that the results met not only the economic development of the country, but also the rise of the social, cultural component. The Chinese government is aware of the depth of existing problems in society, and how we see new promising plans for the development of China’s economic system. In the artical, we allows us to view modern China not only as a simple element of the world economic system, but rather as one of the leading subjects of economic globalization, actively participating in the world economy and making a significant contribution to the development of the modern world. In our view, it is the integrity of the domestic political and foreign policy course of the country’s development that allowed the Chinese economy and culture to become a visible and important element of the world economy.


2021 ◽  
Vol 2021 (7) ◽  
pp. 14-26
Author(s):  
Tetiana IEFYMENKO ◽  

To overcome the manifestations of structural imbalance and incomparable disparities between accumulation and consumption, between income and expenditure at the macro and micro levels, etc. the rise of public administration should focus on the restoration of economy’s indicators to pre-crisis levels as soon as possible. In the period of strengthening the resilience and recovery of the world economy after the crisis of COVID-19, coordination at the supranational level of management, organization and entrepreneurship efforts aimed at counteracting the destabilization threats will be extremely important. To this end, we have identified the recognized factors of destabilization of the world economy, substantiated the priority areas for counteracting the threats to equilibrium in the modern space of business activity, which are becoming critical for the recovery of Ukraine's economy. The following methods were used for this: space-time situational analysis and synthesis; comparison of the dynamics of statistical macroeconomic indicators; abstract-logical, systematic approach in the implementation of theoretical generalizations, substantiation of determinants and laying down of research conclusions. In order to implement the tasks of sustainable expanded reproduction of the national reproductive production potential, counteraction to the factors of market equilibrium disturbance should be carried out mostly in a preventive regime against the phenomena of stagnation, depression, etc. It is necessary to adhere to the rules of compliance with the principles of sustainable development in accordance with the social and humanitarian goals of humanity approved by the world community and ways to achieve them. When developing certain levels of strength and the degree of adaptability of quarantine restrictions in Ukraine, it is necessary to focus on the best world practices. The long-term priorities of the national economy are: ensuring the security of the country; stimulating the development of innovation and foreign trade, which requires an increase in tax revenues to the budget; investment attraction; creation of new jobs and maximum support for all forms of entrepreneurship.


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