This book discusses the role played by powerful global institutions
such as the IMF, the World Bank, the World Trade Organisation,
multinational corporations, and the international credit rating
agencies in keeping Africa marginalised in the world economy. The book
focuses on the intrusive roles of these institutions as enablers and
beneficiaries of capital outflows and financial subordination in
Africa. Diverging from the official narrative that touts China and the
other emerging economies as global reformers that are poised to
partner Africa in its fight against financial subjugation, the book
instead argues that, like the Western powers, the emerging economies
are benefiting prodigiously from a rigged global financial system that
keeps Africa as a net creditor to the rest of the world. The book
draws its theoretical framework from the repressed heterodox theories
including dependency, core-periphery, world systems and Marxist
theories as well as the decolonial approach. It concludes with a call
for a decolonial African agency that should champion an epistemic
rebellion against the neo-liberal and neo-classic economic traditions
that have been historically deployed to justify Africa’s
subordinated position in the global economic governance.
This book comes at moment in time when Africa is ready to become a
Rule Maker not a Rule Taker. The analysis Dr. Moyo presents having
been in the front line of public policy and international negotiations
demonstrate the need for Africa to re-write the rules to foster our
own Transformation. Jason Rosario Braganza, Executive Director,
African Forum and Network on Debt and Development (AFRODAD)
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Capital Flight, Enablers, and Decolonial Responses
Produktdetaljer
ISBN
9783031510007
Publisert
2024
Utgiver
Vendor
Springer
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter