Looting Africa: the economics of exploitation
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Bibliographic Details
Main Author: Bond, Patrick (Author)
Format: Electronic eBook
Language:English
Published: Scottsville, South Africa University of KwaZulu-Natal Press 2006
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references and index
Poor Africa: two views -- Uneven and combined development: neoliberalism, stagnation, and financial volatility -- Financial inflows and outflows: phantom aid, debt peonage, capital flight -- Unequal exchange revisited: trade, investment, wealth depletion -- Global apartheid's African agents: home-grown neoliberalism, repression, failed reform -- Militarism and looming subimperialism in Africa: Washington, London, Pretoria -- Civil society resistance: two views
Despite the rhetoric, the people of Sub-Saharan Africa are becoming poorer, and Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the "mistakes" of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy
Physical Description:1 Online-Ressource (xix, 172 p.)
ISBN:9781848130715
1848130716
9781848137288
1848137281

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