Search icone
Search and publish your papers

Is Africa excluded from Globalization?

Or download with : a doc exchange

About the author

Level
Expert

About the document

Published date
Language
documents in English
Format
Word
Type
term papers
Pages
6 pages
Level
Expert
Accessed
0 times
Validated by
Committee Oboolo.com
0 Comment
Rate this document

The term "globalization" describes the increased movement of goods, services, labor, technology and capital internationally. Globalization is not a new phenomenon, although it often appears to be so. Its pace has increased with the advent of new technologies, especially in the field of telecommunications.

The ongoing globalization process leads to an integration of production systems, capital markets, trade flows and information. But if it is as a priority supposed to foster, the growth of all participating countries, its appearance may seem misleading. Globalization reports a power struggle between different nations; it is characterized by liberal trade, capital flows and investments.

On the one hand, globalization offers the promise of growth of trade and international investment, and on the other, it increases the risk of instability and marginalization. Thus, according to the report on the evolution of humanity published by UNDP in 1999, the income gap between the richest fifth and the poorest fifth of the world population has almost doubled in four decades Between 1960 and 2000. This widening gap between rich and poor is now a leading cause of rivalry between supporters of globalization and global justice.

The African continent on its part, has huge oil and mineral resources needed by the industrialized countries, but remains underdeveloped. If Africa is now experiencing widespread poverty and a chaotic operation, can it be assumed that this is because it is dissociated from globalization? What is Africa's place in the globalization process?

To provide some answers to this problem, the position of Africa vis-a-vis the three major characteristics of globalization that are: international trade, capital flows and foreign direct investment was analyzed. In the first part this paper shows that Africa is on the margins of globalization on both these criteria, and in the second part, that Africa is well integrated into globalization, because this is one of the major developments in the history of the world.

If globalization has contributed in recent years to higher growth and wealth, this finding does not extend to all continents and countries. In the least developed among them, particularly in Africa, worsening imbalances has obstructed the development and increased poverty.

Africa was already out of the game of international economics and development assistance received in drops well before there was any question of globalization as is seen today. The vast majority of African states could not take advantage of preferential trade arrangements granted by the EU under the Lome. agreements.

Tags: Africa's exclusion from globalization; foreign direct investment; capital flows; analysis

Similar documents you may be interested in reading.

A closer examination of the phenomenon of globalization and its affect on India

 Economics & finance   |  Economics   |  Research papers   |  05/10/2009   |   .doc   |   117 pages

Is India as developed as China?

 Economics & finance   |  Economics   |  Presentation   |  09/29/2010   |   .doc   |   17 pages

Top sold for economics

International financial management: Impact of International criminality

 Economics & finance   |  Economics   |  Presentation   |  11/18/2010   |   .doc   |   5 pages

'Development as Freedom' by Amartya Sen

 Economics & finance   |  Economics   |  Book review   |  01/10/2011   |   .doc   |   12 pages