African Political Economy in the Twenty-First Century

Theories, Perspectives, and Issues

Inbunden, Engelska, 2023

AvEmeka C. Iloh,Ernest T. Aniche,Stephen N. Azom

1 889 kr

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African Political Economy in the Twenty-First Century: Theories, Perspectives, and Issues edited by Emeka C. Iloh, Ernest T. Aniche, and Stephen N. Azom fills the gap in the discourses on African political economy from an African perspective. Since the end of colonialism in the second half of the twenty-first century, a wide-ranging debate has opened on the future of African development and the nature and character of its political economy, especially as it concerns its web of relationships in the international political and economic system. Two decades into the twenty-first21st century, the debate still rages on and is likely to continue for a long time. This book contributes to the debate by addressing the important question of how African countries can strategically and tactically approach global political economy at multilateral, continental, and regional levels in view of North-South versus South-South configurations. African Political Economy in the Twenty-First Century further suggests how African countries can effectively utilize global forces to Africa’s advantage in advancing domestic, regional, and continental development objectives.

Produktinformation

Utgivningsdatum2023-09-12
Mått158 x 239 x 28 mm
Vikt735 g
FormatInbunden
SpråkEngelska
SerieAfrica: Past, Present & Prospects
Antal sidor400
FörlagBloomsbury Publishing Plc
MedarbetareKalu,KelechiA.
ISBN9781666930351

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Emeka C. Iloh is senior lecturer and the coordinator of the postgraduate program in the Department of International Relations and Diplomacy at Afe Babalola University, Ado-Ekiti, Nigeria. Ernest T. Aniche is senior lecturer and the acting head of the Department of Political Science at Federal University Otuoke, Bayelsa State, Nigeria.Stephen N. Azom is senior lecturer in the Political Science Department and the coordinator of postgraduate studies at Federal University Lafia, Nasarawa State.

List of Figures and TablesForeword by Kelechi KaluPrefaceAcknowledgmentsIntroduction: Africa and the International Political Economy: Reflections on the Dynamics of Multilateralism in the 21st Century by Emeka C. Iloh, Ernest T. Aniche, and Stephen N. Azom Part One: Ontological, Epistemological and Theoretical IssuesChapter 1: International Political Economy: Concepts, Theories, and Thematic Ramifications by Al Chukwuma Okoli, and Dominic Degraft ArthurChapter 2: Theories of International Trade: Perspectives from Africa by Denis Nfor YuniChapter 3: Transcending Neo-functionalism: Towards a New Theory of Regional Integration in Africa by Ernest T. Aniche, Okechukwu Richard Oji, and Victor H. MlamboChapter 4: Dependency and Development Question in Africa by Ademola Azeez and Segun OshewoloPart Two: Africa and the Purveyors of Global Political EconomyChapter 5: Africa and the World Bank: An Environmental Perspective by Olawari D. J. Egbe Chapter 6: African Development Bank and the Dynamic

This thought-provoking set of essays by 35 African academics, all but four from Nigeria, offers a variety of responses to what they view as “the new scramble for Africa” by outside powers for its vast natural resources. While critical of the economic theories and practices of their former European colonizers, the editors also point out that “[r]unning to China does not ... solve Africa’s problem.” The continent accounts for less than 3 percent of world trade; outside powers constrain efforts toward regional integration, i.e., expanding trade within Africa, to 15 percent. The neo-functional theory designed to explain European integration does not work in Africa, where many of its 54 countries lack sufficient internal integration to engage. Subnational conflicts even prevent efforts to manufacture rather than export their raw materials. Still, some of the authors point to the African Continental Free Trade Agreement, signed in Kigali in 2018, as a potential game changer, gradually integrating them into a sovereign Africa, replete with a single African stock market. Amid a deepening debt crisis in most African states, the authors critically assess international financial flows. Recommended. Advanced undergraduates through faculty.