THE GAP BETWEEN GLOBALISATION AND SOCIO-ECONOMIC DEVELOPMENT IN AFRICA
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One of the cardinal aims of this paper is to highlight that contemporary
reference to globalisation tend to be more of paradigm shift and value
change from the old paradigms of imperialism, colonialism,
modernization, dependency and the adjoining concepts which derived
from Western liberalism. The paper also drew attention to the fact that
economic indices for measuring the wealth or otherwise of the
developing economies of Africa ignores the activities of the informal
sector and that the prescription (deregulation and devaluation) of the
Bretton Woods offer no complete remedy to the perceived ailment,
hence their recommendation of the third “D” which is democracy.
The paper comprises of: Abstract; Introduction; Conceptual Issues in
Globalisation; Critical Analysis on Globalisation and Socio-Economic
Development in Africa; Globalisation and Dependency Theory;
Conclusion and Recommendation. The paper concluded that the
relationship between Africa and the Western countries is still largely
principal-client based on the “Centre-periphery model”. The paper
recommended strong leadership and institutions of governance capable
of initiating and implementing appropriate economic programmes
through qualitative human capacity
Keywords
JA Political science (General), JZ International relations