The Failure and Feasibility of Capitalism in Africa

This book argues that capitalism has practically failed to deliver the long-desired economic transformation and inclusive development in postcolonial Africa. The principal factor that accounts for this failure is the prolific non-productive forms of capitalism that tend to be dominant in the African continent and their governance dimensions. The research explores how and why capitalism has failed in the African context and the feasibility of turning it around. The book meets the demands of diverse audiences in the fields of International Political Economy, Development Economics, Political Science, and African Studies. The author adopts an unconventional narrativist approach that makes the book amenable to general readership.

Offers a comparative multi-regional perspective on Africa's economic development policies and practices since independence Adopts a policy-relevant approach in evaluating Africa's development, past and present Provides evidence-based policy interventions for Africa's sustainable transformation and development

Autorentext

Kenneth Omeje is Director of Manifold Crown Consulting Services based in Bradford, UK, and Visiting Professor at the Institute of Peace and Security Studies in Addis Ababa University, Ethiopia. He is also an Extraordinary Professor of Development Studies at the University of South Africa (UNISA).

Inhalt
1.Capitalism and the African Context.- 2.The Post-Colonial State: From Frontier Capitalism to Neocolonial Capitalism.- 3.The French Africa Connection and the Refusal to Decolonise.- 4.Natural Resources and Rentier Capitalism.- 5.Dysfunctional Versions of Capitalism and the Political Economy of Eating.- 6.Key Governance Dimensions of Dysfunctionality.- 7.China Africa Relations: Averting the Risk of Deepening Subaltern Capitalism.- 8.Productive Forms of Capitalism: Trends and Prospects.- 9.Postscript on Covid-19 in Africa.