ENGLISH

Looting Africa: The Economics of Exploitation

By Patrick Bond

Book information

Publisher
Zed Books Ltd
Year
2006
ISBN
9781350221185, 9781842778111
Language
english
Format
PDF
Filesize
5 MB (4859077 bytes)
Pages
\187
Library
bloomsburycollections.com
Time added
2023-06-30 17:28:08

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.

Similar books