Looting Africa : the economics of exploitation

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Looting Africa : the economics of exploitation

Patrick Bond

University of KwaZulu-Natal Press , Zed Books, c2006

  • : pb. : Zed Books
  • : pb. : UKZN Press
  • : hb. : Zed Books

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Includes bibliographical references and index

Description and Table of Contents

Volume

: pb. : Zed Books ISBN 9781842778111

Description

Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy.

Table of Contents

List of Figures, List of Tables Preface and Acknowledgements 1. Poor Africa: Two Views 2. Global Uneven and Combined Development: Neoliberalism, Stagnation, Financial Viability 3. Financial Inflows and Outflows: Phantom Aid, Debt Peonage Capital Flight 4. Unequal Exchange Revisited: Trade, Investment, Wealth Depletion 5. Global Apartheid's African Agents: Homegrown Neoliberalism, Repression, Failed Reform 6. Militarism and Looming Subimperialism in Africa - Washington, London, Pretoria 7. Civil Society Resistance: Two Views Notes Index
Volume

: hb. : Zed Books ISBN 9781842778128

Description

Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy.

Table of Contents

List of Figures, List of Tables Preface and Acknowledgements 1. Poor Africa: Two Views 2. Global Uneven and Combined Development: Neoliberalism, Stagnation, Financial Viability 3. Financial Inflows and Outflows: Phantom Aid, Debt Peonage Capital Flight 4. Unequal Exchange Revisited: Trade, Investment, Wealth Depletion 5. Global Apartheid's African Agents: Homegrown Neoliberalism, Repression, Failed Reform 6. Militarism and Looming Subimperialism in Africa - Washington, London, Pretoria 7. Civil Society Resistance: Two Views Notes Index
Volume

: pb. : UKZN Press ISBN 9781869140953

Description

Despite the rhetoric, the people of Sub-Saharan Africa are becoming poorer. From Tony Blair's Africa Commission, the G7 finance ministers' debt relief, the Live 8 concerts, the Make Poverty History campaign and the G8 Gleneagles promises, to the United Nations 2005 summit and the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this title contextualises Africa's wealth outflow within a stagnant but volatile world economy.

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