5 - Capitalism, Globalisation and the Underdevelopment Process in Africa: History in Perpetuity
Corresponding Author(s) : Akinpelu O. Olutayo
Africa Development,
Vol. 32 No. 2 (2007): Africa Development
Abstract
Since the incorporation of the Third World nations into the world capitalist system, the underdevelopment process seems to have commenced through the use of liberal economic principles. In spite of the obvious pauperisation of these nations, it seems as if there is no alternative even when indigenous governments are in control of affairs. This paper attempts to show why the underdevelopment process has persisted with capitalism entrenched in the garb of globalisation. It suggests that the way out is for the developing world to control and own their means of survival without which the underdevelopment process shall continue. Of utmost significance however is the need to control the intellectual domain.
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- Ade Ajayi, J. F., 1997, ‘Africa in Perspective’, in Middleton, J., Ade Ajayi, J. F., Hyden, G., Miller, J. C., Shack, W. A., Watts, M., eds., Encyclopedia of Africa South of the Sahara, New York: Charles Scribner and Sons.
- African Review of Business and Technology, September 2004, p. 6.
- Ake, C., 1994, Democratization of Disempowerment in Africa, CASS Occasional Monograph No. 1, Lagos: Malthouse.
- Baran, P., 1957, The Political Economy of Growth, New York: Monthly Review Press.
- Coughlin, P., 1988, ‘Development Policy and Inappropriate Product Technology: The Kenyan Case’, in Coughlin, P. and Gerrishon, I., eds., Industrialization in Kenya: In Search of a Strategy, Nairobi: Heinemann.
- Curtin, P. D., 1972, ‘Introduction’, in Curtin, P. D., ed., Africa and the West: Intellectual Responses to European Culture, London: University of Wisconsin Press.
- Davies, A. E., 1998, ‘Government Policy on Technological Development in Nigeria: An Appraisal’, Africa Development, Vol. XXIII, pp. 143-160.
- Gann, L. H. and Duignan, P., 1967, Burden of Empire: An Appraisal of Western Colonialism in Africa South of the Sahara, London: Pall Mall Press.
- Giddens, A., 1971, Capitalism and Modern Social Theory: An Analysis of Marx, Durkheim and Max Weber, Cambridge: Cambridge University Press.
- Hammouda, Hakim Ben, 1999, ‘Rethinking Bretton Woods from an African Perspective’, CODESRIA Bulletin, Nos. 3 and 4, pp. 71-80.
- Hopkins, T. and Wallerstein, I., 1996, ‘The World System: Is There a Crisis?’, in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 1-10.
- Ikeda, S. S., 1996, ‘World Production’, in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 38-86.
- Lee, Richard, 1996, ‘Structures of Knowledge’ in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 178-206.
- Lugard, F. D., 1922, The Dual Mandate in British Tropical Africa, Edinburgh and London: William Blackwood and Sons.
- Mazrui, A. A., 1997, ‘The Study of Africa: Genesis, Substance, and Cultural Boundaries’, in Middleton, J., Ade Ajayi, J. F., Hyden, G., Miller, J. C., Shack, W. A., Watts, M., eds., Encyclopedia of Africa South of the Sahara, New York: Charles Scribner and Sons.
- Mhone, G., 1996, ‘Botswana Economy still an Enclave’, Africa Development, Vol. XXI, Nos. 2 & 3, pp. 89-99.
- Morse, C., Ashford, D.E., Bent, F. T., Friedland, W. H., Lewis, J. W., and Macklin, D. B., 1969, Modernization by Design: Social Change in the Twentieth Century, Ithaca and London: Cornell University Press.
- Moseley, K. P., 1992, ‘West African Industry and Debt Crisis’, Journal of International Development, 4 (1), pp. 1-27.
- Nyerere, J. K., 1998, ‘Are Universal Social Standards Possible?’, South Letter, Vols. 2 & 3, No. 31, pp. 14-17.
- Ntalaja, Nzogola 1987, ‘The Crisis in Zaire’, in Nzogola Ntalaja, Bade Onimode, Bernard Magubane, Harold Wolpe, Kempton Makamure, Fatima Babniker Mahmoud and Adoulaye Bathily, eds., Africa’s Crisis, London: Institute for African Alternatives.
- Nzenwe, U., 1988, ‘Nigeria: The Limits of Privatization in a Developing Economy’, Proceedings of the 1988 One-Day Seminar organised by the Nigerian Economic Society, pp.1-17.
- Obono, O., 2004, ‘Globalization and Multiculturalism: An Essay on Contradictions’, Ibadan Journal of the Social Sciences, Vol. 2 (1), September, pp. 87-105.
- Olutayo, A. O., 1991, ‘The Development of Underdevelopment: Rural Economy of Colonial South Western Nigeria’, Unpublished Ph.D. Thesis, Department of Sociology, University of Ibadan, Nigeria.
- Olutayo, A. O., 2001, ‘The Subject Matter and Scope of Sociology’, in Ikporukpo, C. O., ed., Government, Society and Economy: An Introduction to the Social Sciences, Ibadan: Faculty of the Social Sciences, University of Ibadan.
- Olutayo, A. O., 2002, ‘The concept of Mode of Production in the Analysis of Development’, in Uche C. Isiugo-Abanihe, Austin N. Isamah and Jimi O. Adesina, eds., Currents and Perspectives in Sociology, Lagos: Malhouse Press, pp. 138-148.
- Olutayo, A.O. and Bankole, 2002, ‘The Concept of development in historical perspective: The Third World Experience’, in Uche C. Isiugo-Abanihe, Austin N. Isamah and Jimi O. Adesina, eds., Currents and Perspectives in Sociology, Lagos: Malhouse Press, pp. 105-122.
- Olutayo, L., 2001-2002, ‘The Contributions of Ralf Dahrendorf to Sociological Discourse’, Ibadan Journal of Humanistic Studies, Nos. 11 and 12, pp. 27-44.
- Onimode, B., 1977, Neoclassicism, Keynesianism and Social Reality, Paper delivered at the Department of Economics, University of
- Ibadan, Ibadan, Nigeria, 16 March 1977.
- Onimode, B., 1987, ‘The African Crisis and Nigeria’, in Nzogola Ntalaja, Bade Onimode, Bernard Magubane, Harold Wolpe, Kempton Makamure, Fatima Babniker Mahmoud and Adoulaye Bathily, eds., Africa’s Crisis, London: Institute for African Alternatives.
- Onimode, B., 1988, ‘The Political Economy of Privatization in a Depressed Economy’, in Proceedings of the 1988 One-Day Seminar organised by the Nigerian Economic Society, pp.33-49.
- Onoge, O. F., 1995, ‘Africa and the Challenge of Empowerment’, Annual Lecture Series 1 of the Empowerment and Action Research Centre (MPARC).
- Oswaldo de Rivero, 2001, The Myth of Development: Non-Viable Economies of the 21st Century, London and New York: Zed Books.
- Roxborough, I., 1979, Theories of Development, London: Macmillan Press.
- Shayegan, D., 1992, Cultural Schizophrenia: Islamic Societies Confronting the West, London: Saqi Books.
- South Centre, 1992, The United Nations at a Critical Crossroads: Time for the South to Act, Geneva: South Commission.
- Stein, H., 1992, ‘Deindustrialization, Adjustment, the World Bank and the IMF in Africa’, World Development, (1) pp. 83-95.
- Valentine, T., 1993, ‘Botswana’s Financial Assistance Policy and the Indigenization of Industrial Employment’, Centre for Economic Research on Africa, School of Business, Montclair State University, Upper Montclair, News Jersey (pdf version 2001).
- Wi son, E. J. III, 1990, ‘Strategy of State Control of the Economy: Nationalization and Indigenization in Africa’, Comparative Politics, Vol. 22 (4), pp. 401-419.
References
Ade Ajayi, J. F., 1997, ‘Africa in Perspective’, in Middleton, J., Ade Ajayi, J. F., Hyden, G., Miller, J. C., Shack, W. A., Watts, M., eds., Encyclopedia of Africa South of the Sahara, New York: Charles Scribner and Sons.
African Review of Business and Technology, September 2004, p. 6.
Ake, C., 1994, Democratization of Disempowerment in Africa, CASS Occasional Monograph No. 1, Lagos: Malthouse.
Baran, P., 1957, The Political Economy of Growth, New York: Monthly Review Press.
Coughlin, P., 1988, ‘Development Policy and Inappropriate Product Technology: The Kenyan Case’, in Coughlin, P. and Gerrishon, I., eds., Industrialization in Kenya: In Search of a Strategy, Nairobi: Heinemann.
Curtin, P. D., 1972, ‘Introduction’, in Curtin, P. D., ed., Africa and the West: Intellectual Responses to European Culture, London: University of Wisconsin Press.
Davies, A. E., 1998, ‘Government Policy on Technological Development in Nigeria: An Appraisal’, Africa Development, Vol. XXIII, pp. 143-160.
Gann, L. H. and Duignan, P., 1967, Burden of Empire: An Appraisal of Western Colonialism in Africa South of the Sahara, London: Pall Mall Press.
Giddens, A., 1971, Capitalism and Modern Social Theory: An Analysis of Marx, Durkheim and Max Weber, Cambridge: Cambridge University Press.
Hammouda, Hakim Ben, 1999, ‘Rethinking Bretton Woods from an African Perspective’, CODESRIA Bulletin, Nos. 3 and 4, pp. 71-80.
Hopkins, T. and Wallerstein, I., 1996, ‘The World System: Is There a Crisis?’, in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 1-10.
Ikeda, S. S., 1996, ‘World Production’, in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 38-86.
Lee, Richard, 1996, ‘Structures of Knowledge’ in Hopkins, T. and Wallerstein, I., eds., The Age of Transition: Trajectory of the World System, 1945-2025, London and New Jersey: Zed Books, pp. 178-206.
Lugard, F. D., 1922, The Dual Mandate in British Tropical Africa, Edinburgh and London: William Blackwood and Sons.
Mazrui, A. A., 1997, ‘The Study of Africa: Genesis, Substance, and Cultural Boundaries’, in Middleton, J., Ade Ajayi, J. F., Hyden, G., Miller, J. C., Shack, W. A., Watts, M., eds., Encyclopedia of Africa South of the Sahara, New York: Charles Scribner and Sons.
Mhone, G., 1996, ‘Botswana Economy still an Enclave’, Africa Development, Vol. XXI, Nos. 2 & 3, pp. 89-99.
Morse, C., Ashford, D.E., Bent, F. T., Friedland, W. H., Lewis, J. W., and Macklin, D. B., 1969, Modernization by Design: Social Change in the Twentieth Century, Ithaca and London: Cornell University Press.
Moseley, K. P., 1992, ‘West African Industry and Debt Crisis’, Journal of International Development, 4 (1), pp. 1-27.
Nyerere, J. K., 1998, ‘Are Universal Social Standards Possible?’, South Letter, Vols. 2 & 3, No. 31, pp. 14-17.
Ntalaja, Nzogola 1987, ‘The Crisis in Zaire’, in Nzogola Ntalaja, Bade Onimode, Bernard Magubane, Harold Wolpe, Kempton Makamure, Fatima Babniker Mahmoud and Adoulaye Bathily, eds., Africa’s Crisis, London: Institute for African Alternatives.
Nzenwe, U., 1988, ‘Nigeria: The Limits of Privatization in a Developing Economy’, Proceedings of the 1988 One-Day Seminar organised by the Nigerian Economic Society, pp.1-17.
Obono, O., 2004, ‘Globalization and Multiculturalism: An Essay on Contradictions’, Ibadan Journal of the Social Sciences, Vol. 2 (1), September, pp. 87-105.
Olutayo, A. O., 1991, ‘The Development of Underdevelopment: Rural Economy of Colonial South Western Nigeria’, Unpublished Ph.D. Thesis, Department of Sociology, University of Ibadan, Nigeria.
Olutayo, A. O., 2001, ‘The Subject Matter and Scope of Sociology’, in Ikporukpo, C. O., ed., Government, Society and Economy: An Introduction to the Social Sciences, Ibadan: Faculty of the Social Sciences, University of Ibadan.
Olutayo, A. O., 2002, ‘The concept of Mode of Production in the Analysis of Development’, in Uche C. Isiugo-Abanihe, Austin N. Isamah and Jimi O. Adesina, eds., Currents and Perspectives in Sociology, Lagos: Malhouse Press, pp. 138-148.
Olutayo, A.O. and Bankole, 2002, ‘The Concept of development in historical perspective: The Third World Experience’, in Uche C. Isiugo-Abanihe, Austin N. Isamah and Jimi O. Adesina, eds., Currents and Perspectives in Sociology, Lagos: Malhouse Press, pp. 105-122.
Olutayo, L., 2001-2002, ‘The Contributions of Ralf Dahrendorf to Sociological Discourse’, Ibadan Journal of Humanistic Studies, Nos. 11 and 12, pp. 27-44.
Onimode, B., 1977, Neoclassicism, Keynesianism and Social Reality, Paper delivered at the Department of Economics, University of
Ibadan, Ibadan, Nigeria, 16 March 1977.
Onimode, B., 1987, ‘The African Crisis and Nigeria’, in Nzogola Ntalaja, Bade Onimode, Bernard Magubane, Harold Wolpe, Kempton Makamure, Fatima Babniker Mahmoud and Adoulaye Bathily, eds., Africa’s Crisis, London: Institute for African Alternatives.
Onimode, B., 1988, ‘The Political Economy of Privatization in a Depressed Economy’, in Proceedings of the 1988 One-Day Seminar organised by the Nigerian Economic Society, pp.33-49.
Onoge, O. F., 1995, ‘Africa and the Challenge of Empowerment’, Annual Lecture Series 1 of the Empowerment and Action Research Centre (MPARC).
Oswaldo de Rivero, 2001, The Myth of Development: Non-Viable Economies of the 21st Century, London and New York: Zed Books.
Roxborough, I., 1979, Theories of Development, London: Macmillan Press.
Shayegan, D., 1992, Cultural Schizophrenia: Islamic Societies Confronting the West, London: Saqi Books.
South Centre, 1992, The United Nations at a Critical Crossroads: Time for the South to Act, Geneva: South Commission.
Stein, H., 1992, ‘Deindustrialization, Adjustment, the World Bank and the IMF in Africa’, World Development, (1) pp. 83-95.
Valentine, T., 1993, ‘Botswana’s Financial Assistance Policy and the Indigenization of Industrial Employment’, Centre for Economic Research on Africa, School of Business, Montclair State University, Upper Montclair, News Jersey (pdf version 2001).
Wi son, E. J. III, 1990, ‘Strategy of State Control of the Economy: Nationalization and Indigenization in Africa’, Comparative Politics, Vol. 22 (4), pp. 401-419.