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020 _a9783031510007
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024 7 _a10.1007/978-3-031-51000-7
_2doi
050 4 _aHC800-1085
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_2bicssc
072 7 _a1H
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072 7 _aBUS035000
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072 7 _aKC
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100 1 _aMoyo, Gorden.
_eauthor.
_0(orcid)0009-0002-9980-705X
_1https://orcid.org/0009-0002-9980-705X
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_973727
245 1 0 _aAfrica in the Global Economy
_h[electronic resource] :
_bCapital Flight, Enablers, and Decolonial Responses /
_cby Gorden Moyo.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Springer,
_c2024.
300 _aXXV, 181 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aAdvances in African Economic, Social and Political Development,
_x2198-7270
505 0 _aChapter 1. Entrapment of Africa in an Asymmetrical Global Economy -- Chapter 2. Multinational Corporations and Tax Havens as Beneficiaries of a Shadow Financial System -- Chapter 3. World Bank, IMF and WTO as Agents of Financial Imperialism -- Chapter 4. The Tyranny of the International Credit Rating Agencies -- Chapter 5. International Financial Subordination and the Pathologies of Sovereign Debt -- Chapter 6. Imperial Ecocide and the Bane of Global Climate Finance -- Chapter 7. Africa and the Age of Global Elites-the “Davos Men” -- Chapter 8. African Elites as Clients of the Offshore World -- Chapter 9. Conclusion: A Canvass for a Decolonial African Agency.
520 _aThis book discusses the role played by powerful global institutions such as the IMF, the World Bank, the World Trade Organisation, multinational corporations, and the international credit rating agencies in keeping Africa marginalised in the world economy. The book focuses on the intrusive roles of these institutions as enablers and beneficiaries of capital outflows and financial subordination in Africa. Diverging from the official narrative that touts China and the other emerging economies as global reformers that are poised to partner Africa in its fight against financial subjugation, the book instead argues that, like the Western powers, the emerging economies are benefiting prodigiously from a rigged global financial system that keeps Africa as a net creditor to the rest of the world. The book draws its theoretical framework from the repressed heterodox theories including dependency, core-periphery, world systems and Marxist theories as well as the decolonial approach. It concludes with a call for a decolonial African agency that should champion an epistemic rebellion against the neo-liberal and neo-classic economic traditions that have been historically deployed to justify Africa’s subordinated position in the global economic governance. This book comes at moment in time when Africa is ready to become a Rule Maker not a Rule Taker. The analysis Dr. Moyo presents having been in the front line of public policy and international negotiations demonstrate the need for Africa to re-write the rules to foster our own Transformation. Jason Rosario Braganza, Executive Director, African Forum and Network on Debt and Development (AFRODAD).
650 0 _aAfrica
_xEconomic conditions.
_970538
650 0 _aDevelopment economics.
_961731
650 0 _aEconomic development.
_958075
650 0 _aSchools of economics.
_969592
650 0 _aInternational economic relations.
_958104
650 0 _aPolitical planning.
_957717
650 1 4 _aAfrican Economics.
_970540
650 2 4 _aDevelopment Economics.
_961731
650 2 4 _aEconomic Growth.
_958347
650 2 4 _aHeterodox Economics.
_969593
650 2 4 _aInternational Economics.
_957966
650 2 4 _aPublic Policy.
_965508
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031509995
776 0 8 _iPrinted edition:
_z9783031510014
776 0 8 _iPrinted edition:
_z9783031510021
830 0 _aAdvances in African Economic, Social and Political Development,
_x2198-7270
_967673
856 4 0 _uhttps://doi.org/10.1007/978-3-031-51000-7
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
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