AFRICA: A POLITICAL ECONOMY OF CONTINUED CRISIS

Abstract

This article deepens critique of the Africa rising trope and the policies promoted by neo liberals to promote development on the continent. It revisits the economic growth literature and it shows how the weakly formulated views about African growth are merely self serving of limited, mostly western, investment interests that remain centred on extractive economies rather than helping to promote sustainable structural transformation with added value that can be retained in Africa. There have always been periods of economic growth in Africa but opportunities for this to be sustained do not lie with greater integration with the world economy. Instead they lie with, among other things, local political and economic struggles in Africa for greater democratic control of capital accumulation.