Global Capitalism and the Underdevelopment of African Political Economy: Where Will Our Help Come From?

Abstract

The global capitalist system created and sustained by the West has eaten deep into the global economy, serving as the ideological and economic hegemony upon which it revolves. Against this backdrop, this article explores the trends and partners of accumulation in the global political economy of capitalism and interrogates how it benefits the West and oppresses Africa through forced integration and unequal power relations. A key finding of the analysis is that global integration of the world economy that runs on capitalism has not benefited Africa significantly, as claimed by capitalist bourgeoisie scholars.