Africa in the Global Economy : Capital Flight, Enablers, and Decolonial Responses

• Autore: Moyo Gorden
• Pubblicazione: Cham : , : Springer International Publishing AG, , 2024; ©2024
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (192 pages)
• Disciplina: 330.96
• Nota di contenuto: Intro -- Acknowledgements -- About the Book -- Contents -- About the Author -- Abbreviations and Acronyms -- Chapter 1: Introduction: Entrapment of Africa in an Asymmetrical Global Economy -- Introduction -- The Rigged Global Financial Architecture -- Paradox of Wealth and Poverty -- Global Coloniality -- Financial Liberalisation -- Outline of the Chapters -- References -- Chapter 2: Multinational Corporations and Tax Havens as Beneficiaries of a Shadow Financial System -- Introduction -- Shadow Financial System -- Spotlighting the Tax Havens -- Multinational Corporations (MNCs) -- Implications of MNCs-Tax Havens -- Lukewarm Global Responses -- Towards Delinking Approaches -- Conclusion -- References -- Chapter 3: World Bank, IMF, and WTO as Agents of Financial Imperialism -- Introduction -- Gatekeepers of Global Capitalism -- Agents of Capital Flight -- "Reforming the Global Financial Institutions" -- A Decolonial Turn -- Conclusion -- References -- Chapter 4: The Tyranny of International Credit Rating Agencies (ICRAs) -- Introduction -- International Credit Rating Agencies in Context -- The Logic Behind Expanded Footprint of ICRAs -- Politics of Credit Rating Agencies -- Global Architecture of Unfairness -- Implications of Ratings on African Economies -- A Case for a Pan-African Credit Rating Agency (PACRA) -- Conclusion -- References -- Chapter 5: Global Financial Subordination and the Pathologies of Sovereign Debt -- Introduction -- International Financial Subordination -- Agents of Financial Subordination and Debt Slavery -- The Bane of Debt Servicing -- Wrong Diagnosis and Wrong Prescription -- Towards a Radical Transformation -- Conclusion -- References -- Chapter 6: Imperial Ecocide and the Bane of Global Climate Finance -- Introduction -- Imperial Ecocide: Accused Number 1 -- Imperial Ecocide: Accused Number 2. ; Global Climate Finance Imperialism -- Climate Finance Debt Traps -- Cost of Climate Crisis -- Contradictions of Global Climate Solutions -- Conclusion -- References -- Chapter 7: Africa and the Age of Global Elite: The Davos Class -- Introduction -- Global Elites -- Global Elite Interconnectedness -- The World Economic Forum (WEF) -- Davos Class in Africa -- Corporate Capture -- Towards an Anti-Systemic Global Decolonial Approach -- Conclusion -- References -- Chapter 8: African Elites as Clients of the Offshore World -- Introduction -- Africa's Elite in Perspective -- Elite Capture and Mechanics of Collaboration -- African Elites and the Offshore World -- Classic Examples of Elite Corruption -- Implications to the Ordinary People -- Conclusion -- References -- Chapter 9: Conclusion: A Canvass for a Decolonial African Agency -- Introduction -- International Financial Subordination -- Contradictions Posed by the Emerged and Emerging Global Powers -- Epistemic Delinking and Decolonial Agency -- Global Solidarity -- Conclusion -- References -- Index.
• Titolo autorizzato: Africa in the Global Economy
• ISBN: 3-031-51000-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910845499403321
• Lo trovi qui: Univ. Federico II
• Serie: Advances in African Economic, Social and Political Development Series