Since 2014
Neo-colonialism and the Scandal of African Poverty: A Review
International Journal of Development and Management Review
View Archive Info| Field | Value | |
| Title |
Neo-colonialism and the Scandal of African Poverty: A Review
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| Creator |
Nkwocha, AE
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| Description |
This paper argues that Neo-colonialism is an essential factor for the survival of Western capitalist countries since it demonstrates permanent exploitative relationship between the rich industrialized nations of Europe and North America and the poor dependent Third World countries of Africa, Asia and Latin America. It rejects the views of liberal economists who are of the opinion that global economic policies based on trade liberalization and price control system have been fair to all nations of the world both rich and poor since it is predicated on comparative cost advantage. This paper submits that the dependency syndrome occasioned by unequal trading relationship that exists between the industrialized countries of the world and nonindustrialized countries of Africa results in economic stagnation and inflation thus paving the way for poverty across the continent. Finally, it suggest that Africa's economic transformation must be a function of internal dynamics through sustained political stability, exemplary and visionary leadership, adequate mobilization of abundant natural and human resources as well as marked improvement in indigenous technology. Key words: Neo-colonialism, African Poverty, Economic Development |
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| Publisher |
Directorate of General Studies, FUT, Owerri
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| Contributor |
—
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| Date |
2010-02-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.ajol.info/index.php/ijdmr/article/view/47962
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| Source |
International Journal of Development and Management Review; Vol 3, No 1 (2008); 170-188
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| Language |
eng
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| Relation |
https://www.ajol.info/index.php/ijdmr/article/view/47962/34329
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| Rights |
Either the Editor, the Editorial Board (individually or collectively) or the Development and Management Study Group (DMSG) assumes any responsibility for statements of facts or opinions in the papers published and are therefore absolved of any legal liability. The authors are in every way responsible for the contents of individual articles.Reproduction of any sort, including photocopying of this journal or portions of it, or any storage whatsoever, by any person(s) without prior permission of the copyright owners, is prohibited.© Copyright reserved by Development and Management Study Group (DMGS)
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