LEADER 04686nam 22007455 450 001 9910845499403321 005 20250725023233.0 010 $a9783031510007 010 $z3031510003 024 7 $a10.1007/978-3-031-51000-7 035 $a(CKB)31135925000041 035 $a(MiAaPQ)EBC31229949 035 $a(Au-PeEL)EBL31229949 035 $a(DE-He213)978-3-031-51000-7 035 $a(EXLCZ)9931135925000041 100 $a20240322d2024 u| 0 101 0 $aeng 135 $aurgn#---mu|u| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAfrica in the Global Economy $eCapital Flight, Enablers, and Decolonial Responses /$fby Gorden Moyo 205 $a1st ed. 2024. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2024. 215 $a1 online resource (xxv, 181 pages) 225 1 $aAdvances in African Economic, Social and Political Development,$x2198-7270 311 08$a9783031509995 311 08$a3031509994 320 $aIncludes bibliographical references and index. 327 $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. 330 $aThis book discusses the role played by powerful global institutions such as the IMF, the World Bank, the World Trade Organisation, multinational corporations, and the international credit rating agencies in keeping Africa marginalised in the world economy. The book focuses on the intrusive roles of these institutions as enablers and beneficiaries of capital outflows and financial subordination in Africa. Diverging from the official narrative that touts China and the other emerging economies as global reformers that are poised to partner Africa in its fight against financial subjugation, the book instead argues that, like the Western powers, the emerging economies are benefiting prodigiously from a rigged global financial system that keeps Africa as a net creditor to the rest of the world. The book draws its theoretical framework from the repressed heterodox theories including dependency, core-periphery, world systems and Marxist theories as well as the decolonial approach. It concludes with a call for a decolonial African agency that should champion an epistemic rebellion against the neo-liberal and neo-classic economic traditions that have been historically deployed to justify Africa?s subordinated position in the global economic governance. This book comes at moment in time when Africa is ready to become a Rule Maker not a Rule Taker. The analysis Dr. Moyo presents having been in the front line of public policy and international negotiations demonstrate the need for Africa to re-write the rules to foster our own Transformation. Jason Rosario Braganza, Executive Director, African Forum and Network on Debt and Development (AFRODAD). 410 0$aAdvances in African Economic, Social and Political Development,$x2198-7270 606 $aAfrica$xEconomic conditions 606 $aDevelopment economics 606 $aEconomic development 606 $aSchools of economics 606 $aInternational economic relations 606 $aPolitical planning 606 $aAfrican Economics 606 $aDevelopment Economics 606 $aEconomic Growth 606 $aHeterodox Economics 606 $aInternational Economics 606 $aPublic Policy 615 0$aAfrica$xEconomic conditions. 615 0$aDevelopment economics. 615 0$aEconomic development. 615 0$aSchools of economics. 615 0$aInternational economic relations. 615 0$aPolitical planning. 615 14$aAfrican Economics. 615 24$aDevelopment Economics. 615 24$aEconomic Growth. 615 24$aHeterodox Economics. 615 24$aInternational Economics. 615 24$aPublic Policy. 676 $a330.96 700 $aMoyo$b Gorden$0853514 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bCAOWtL 906 $aBOOK 912 $a9910845499403321 996 $aAfrica in the Global Economy$94152206 997 $aUNINA