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Accepted Paper:
Paper short abstract:
Crisis of development finance of Political Economy of Africa is not only real but a trap and perpetual economic strangulation. African therefore needs intellectual, psychical, physical, political resources and socioeconomic emancipation.
Paper long abstract:
Politics as the science of power system to finance, control,share and distribute resources is the basic foundation of all development economics. As a system , political structure has the anatomy of all other developments not only cascaded but depends on and are controlled by the capitalistic political system.Colonisation of Africa trunkated the smooth evolution of political economic system with the coerce imposition of political model that skewed perpetually the system to the colonial powers with Africa supplying the raw human and material resources only to receive finished technology and materials at a higher cost backed by punitive treaties as revealed by Niger,Malian francophone Africa. It is this imposed economic finance cascade that is the bane of African development bankruptcy,debt and dependency that characterised the 'post independent' Africa. On the surface it appears there is independence but the structure, anatomy and physiology of Africa still dependent on the colonial manipulation of inferiority and erosion. It is this understanding, dismantling and eclectic rebuilding the structure that can remove African countries from the clutches of intellectual, psychical, physical, political resources and socioeconomic emancipation.
The Crisis of Development Finance in Africa
Session 1 Tuesday 1 October, 2024, -