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.
- ISBN10 1842778110
- ISBN13 9781842778111
- Publish Date 28 June 2006
- Publish Status Active
- Out of Print 27 January 2021
- Publish Country GB
- Imprint Zed Books Ltd
- Format Paperback
- Pages 192
- Language English