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Author: Emmanuel O Oritsejafor
Publisher: Routledge
ISBN: 1000384586
Category : Political Science
Languages : en
Pages : 252
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Book Description
Africa and the Global System of Capital Accumulation offers a groundbreaking analysis of the strategic role Africa plays in the global capitalist economy. The exploitation of Africa’s rich resources, as well as its labor, make it possible for major world powers to sustain their authority over their own middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations into poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars and the petroleum that fuels them, diamonds, chocolate – all of these products require African resources that are typically obtained by child or slave labor that helps to generate billionaires out of foreign investors while impoverishing most Africans. Oritsejafor and Cooper demonstrate that "primitive accumulation," believed by both Adam Smith and Karl Marx to be a process that precedes capitalism, is actually an integral part of capitalism. They also validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale. Case studies are presented on Nigeria, Cote d’Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. There are also chapters analyzing the interests of Russia and China in Africa. This book will be of interest to students and scholars of African politics, development, and economics.
Author: Emmanuel O Oritsejafor
Publisher: Routledge
ISBN: 1000384586
Category : Political Science
Languages : en
Pages : 252
Get Book Here
Book Description
Africa and the Global System of Capital Accumulation offers a groundbreaking analysis of the strategic role Africa plays in the global capitalist economy. The exploitation of Africa’s rich resources, as well as its labor, make it possible for major world powers to sustain their authority over their own middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations into poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars and the petroleum that fuels them, diamonds, chocolate – all of these products require African resources that are typically obtained by child or slave labor that helps to generate billionaires out of foreign investors while impoverishing most Africans. Oritsejafor and Cooper demonstrate that "primitive accumulation," believed by both Adam Smith and Karl Marx to be a process that precedes capitalism, is actually an integral part of capitalism. They also validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale. Case studies are presented on Nigeria, Cote d’Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. There are also chapters analyzing the interests of Russia and China in Africa. This book will be of interest to students and scholars of African politics, development, and economics.
Author: Ejike Udeogu
Publisher: Cambridge Scholars Publishing
ISBN: 1527522733
Category : Political Science
Languages : en
Pages : 198
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Book Description
The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.
Author: Samir Amin
Publisher:
ISBN: 9780835760027
Category : Economic development
Languages : en
Pages : 365
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Book Description
Author: Lee Wengraf
Publisher: Haymarket Books
ISBN: 1608468763
Category : Political Science
Languages : en
Pages : 321
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Book Description
Extracting profit explains why Africa, in the first decade and a half of the twenty-first century, has undergone an economic boom. This period of “Africa rising” did not lead to the creation of jobs but has instead fueled the growth of the extraction of natural resources and an increasingly-wealthy African ruling class.
Author: Simeon Ibidayo Ajayi
Publisher: Oxford University Press, USA
ISBN: 0198718551
Category : Business & Economics
Languages : en
Pages : 455
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Book Description
A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.
Author: Andre Gunder Frank
Publisher: Springer
ISBN: 1349160148
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Author: Sam Moyo
Publisher: Springer
ISBN: 9811058407
Category : Political Science
Languages : en
Pages : 275
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Book Description
This book presents the findings of research conducted by scholars and activists associated with the Agrarian South Network, based mainly in Africa, Asia and Latina America. The research articulates a Southern perspective on the “new scramble” for Africa, with a view to strengthen tri-continental solidarities. The book explains the significance of the new scramble in terms of the economic structures inherited from the late-nineteenth-century scramble and the subsequent post-independence period. The renewed competition for Africa’s land and natural resources and the resumption of economic growth at the turn of the millennium have revived concerns regarding the continent’s position in the world economy and the prospects for its development in the twenty-first century. In this regard, the book addresses two related issues: the character of the expansion of Southern competitors in relation to the more established Western strategies; and the impact of the renewed influx of investments in land, minerals, and associated infrastructure. The findings are presented with empirical rigor and conceptual clarity, to enable the reader to grasp what really is at stake in the twenty-first century – an epic struggle to reclaim Africa from the monopolies that exercise control over its land, minerals, labour, and destiny.
Author: Andre Gunder Frank
Publisher: NYU Press
ISBN: 1583671935
Category : History
Languages : en
Pages : 307
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Book Description
Most of Andre Gunder Frank's early work on the nature of underdevelopment focused on one continent: Latin America. Here he broadened his canvas and traced the world-wide effects of the process of capital accumulation from the period just prior to the discovery of America to the industrial and French revolutions. It is Frank's thesis that the world has experienced a single all-embracing, albeit unequal and uneven, process of capital accumulation centered in Western Europe, which has been capitalist for at least two centuries.
Author: Emmanuel O. Oritsejafor
Publisher: Rowman & Littlefield
ISBN: 1793615098
Category : Political Science
Languages : en
Pages : 187
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Book Description
Indigenous food systems have been neglected in regards to current global food security challenges. The author argues that use of indigenous methods will reduce the vulnerabilities of food insecure households in Africa.
Author: Walter Rodney
Publisher: Verso Books
ISBN: 1788731204
Category : History
Languages : en
Pages : 433
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Book Description
“A call to arms in the class struggle for racial equity”—the hugely influential work of political theory and history, now powerfully introduced by Angela Davis (Los Angeles Review of Books). This legendary classic on European colonialism in Africa stands alongside C.L.R. James’ Black Jacobins, Eric Williams’ Capitalism & Slavery, and W.E.B. Dubois’ Black Reconstruction. In his short life, the Guyanese intellectual Walter Rodney emerged as one of the leading thinkers and activists of the anticolonial revolution, leading movements in North America, South America, the African continent, and the Caribbean. In each locale, Rodney found himself a lightning rod for working class Black Power. His deportation catalyzed 20th century Jamaica's most significant rebellion, the 1968 Rodney riots, and his scholarship trained a generation how to think politics at an international scale. In 1980, shortly after founding of the Working People's Alliance in Guyana, the 38-year-old Rodney would be assassinated. In his magnum opus, How Europe Underdeveloped Africa, Rodney incisively argues that grasping "the great divergence" between the west and the rest can only be explained as the exploitation of the latter by the former. This meticulously researched analysis of the abiding repercussions of European colonialism on the continent of Africa has not only informed decades of scholarship and activism, it remains an indispensable study for grasping global inequality today.
