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The Political Economy of Development and Underdevelopment in Africa
Toyin Falola, Jessica Achberger
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Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
List of Figures and Tables
Acknowledgments
Introduction
Conceptualization
Outline of Chapters
Notes
References
Part I: Historical Roots of African Underdevelopment
1. Africa and the Making of the Global Environmental Narrative: Challenges and Opportunities for the Continent’s Development Initiatives
Africa’s Engagement with Colonial Environmental Concerns: Desertification/Land Degradation
The Sahelian Droughts and the Environmental and Economic Challenges of the Postcolonial African State
Africa in the Era of Politics on Climate Change
Conclusion
Notes
References
2. Indigenization versus Domiciliation: A Historical Approach to National Content in Nigeria’s Oil and Gas Industry
National Content and Control and Indigenization in Nigeria, 1960–2000
National Content in Other Legal Regimes
The Movement Toward a Strategy of Domiciliation and Promotion of Local Content
Other Recent Local Content Policies: Marginal Fields and Local Content Vehicles
The Nigerian Content Law
The Promise and Pitfalls of Nigerian Content: An Introduction
Conclusion
Notes
References
3. Globalization and Rural Land Conflict in North-West Cameroon: A Historical Perspective
Globalization, Land Scarcity, and Conflict in Rural Africa
Rural Land Conflict in North-West Cameroon
Conclusion
Notes
References
4. Evolving Political Accountability in Kenya
Defining Accountability
Accountability and Democracy
Accountability and Impunity in Kenya
The Media and Accountability
Independence of the Judiciary
Involvement of International Actors in Domestic Politics
Conclusion
Notes
References
Part II: Africa in the New Global Economy
5. Towards a Contextualized Appraisal of Securities Regulation in East Africa
Stock Exchanges
Nairobi Stock Exchange
Uganda Securities Exchange
Dar ES Salaam Stock Exchange
Rwanda Stock Exchange
Comparison
Integration
Development
Conclusion
Notes
References
6. The Impact of Changing Global Power Relations on African Governance of Foreign Direct Investment
Protecting Investors’ Interests
Protecting Host Societies’ Interests
The Impact of Changing Power Relations
The Impact on Governance of Foreign Direct Investment in Africa
Conclusion
Notes
References
7. Globalization and Regional Impulses from the Global South: A Comparative Study of ECOWAS and ASEAN
The Global Context of the “New” Regionalism
From the Past to the Present: The Basis of Regionalism in Africa and Asia
Looking in the Mirror: ECOWAS and ASEAN Compared
Conclusion
Notes
References
8. The Political Implication of Past and Present Nigerian Financial Crises
Overview of the Nigerian Economy Prior to the Crisis
Methodology
Impact on the Capital Market
Impact on Federal Medium- and Long-Term Bonds
Impact on External Trade and Financial Flows
Impact on the Non-Oil Sector in Nigeria
Impact on the Oil Sector in Nigeria
Impact on the Banking Sector
Regression Results
Conclusions and Policy Recommendations
References
9. Transcending an Elitist Approach and Making a Paradigm Shift from Growth without Development to a “Populist” Development
The Continent’s Potential
The Elitist Framework for Development
Transcending the Elitist Approach
Conclusion
Notes
References:
Part III: Forging New International Connections
10. The Political Economy of Rising Asian Interests in Africa: Problems, Prospects, and Challenges
Historical Background
Afro-Asian Political and Economic Initiatives in the Post-Bandung Era
The Political Economy of Asian Interest in Africa
The Tragedy of Africa’s Continued Retrogression
Conclusion
References
11. The Impact of the BRICS Countries on Africa’s Socioeconomic Development in the Post-Cold War Era
The Variants of the New World Order
The Impact of the New World Order on African States
Subjugation, Political Conditionality, and Structural Adjustment Programs
Forging a New Partnership with Old Friends
The Washington Consensus Compared with the Beijing Consensus
Criticisms of China’s Engagement with Africa
The Glimmer of Hope for Africa
What can be Done?
Notes
References
12. How Ready is Nigeria for Chinese Investments?
China’s Africa Policy: Rationale and Meaning
The New Face of Chinese Business Relations in Nigeria
Threats to Chinese Investments in Nigeria
Notes
References
13. The New Scramble for Africa? Indo-Kenyan Economic Relations, 1980–2010
Methodology
Indian versus Asian Issues in Kenya
Origins of Indo-Kenyan Relations
Pioneering Indian Economic Investments in Kenya
Globalization and the Emergence of New Economic Relations
Indo-Kenyan Cooperation in the Jua Kali Sector
How Small-Scale Actors Counter Hegemonic Relationships: Strategies Used in India by Small-Scale Actors
Conclusion
Notes
References
Part IV: The Way Forward for Twenty-First-Century Development
14. French Foreign Policy in Rwanda: Language, Personal Networks, and Changing Contexts
Origin of Francophone Policy and its Continued Institutional Strength
France and Rwanda
D’estaing’s, Mitterrand’s, and Chirac’s Close Connections with Rwanda
Rwanda as an Important Central African Country
France and the Rwandan Genocide
Twenty-Fifth Africa-France Summit May-June 2010
Conclusion: Genuine Partnerships or Fear of Advancing International Competition in Africa
Notes
References
15. The Question of Development in Africa
What is Development?
The Moral Factor in Development
The Way Forward in the Development of Africa
Notes
References
16. A Critique of the Notion of Africa as the “Third World”: Towards a New Perspective
Background to Classifications of Global Ideological Difference: A Framework for Analysis
The Necessity for Discarding the Concept of the “Third World” in Twenty-First-Century African International Relations
Reconstructing and Historicizing African Development as a Process
Conclusion
Notes
References
17. American Pharmaceutical Influence on Uganda’s HIV/AIDS Relief System
The Economy of HIV/AIDS
PEPFAR: Emergency Relief from an Economically Unfeasible Option
PEPFAR in Uganda—A Story of Success
Looming Threats to Uganda’s HIV/AIDS Relief System
PEPFAR in Nigeria: Not Just a Ugandan Problem
Indicators of a Much Larger Problem
Reforming How We Think about Foreign Aid: The First Step Toward Finding Viable Long-Term Solutions
Notes
References
18. An African’s View of the Aftermath of Copenhagen’s Climate Change Conference
Native Context
Copenhagen
China and the Right to Pollute
America and the Global Crisis
Nationalism, Climate Justice, and Africa: We cannot Bargain with Nature
Science and Models of Communication
Global Crisis and Prevention
Conclusion
Notes
References
19. Globalization and Developing Economies: Eco-Tourism and Sustainable Development in Cross River State, Nigeria
Eco-Tourism in Cross River State: An Overview
Eco-Tourism and Sustainable Development in Cross River State
Major Challenges and Issues in Eco-Tourism Development
Meeting the Challenges of Eco-Tourism
Conclusion
Notes
References
Contributors
Index
Toyin Falola, Jessica Achberger
The Political Economy of Development and Underdevelopment in Africa
