Africa and the World Economy

Abstract

Africa's involvement in the changing world economy has been a long one, and its effects on the lives of Africans have been profound. Samir Amin and W. W. Rostow, Felix Houphouet-Boigny and Samora Machel, would hardly dispute such a statement. But the question of whether this involvement has led Africans along a road toward material and social progress or into a dead end is very much in dispute. The title of this paper is the same as that of the introductory section of S. Herbert Frankel's classic study of 1938, Capital Investment in Africa. Becoming part of the world economy, for Frankel (1938: 1-3, 7), entailed the diffusion of Europe's capital, technology, ideas, and “civilized” form of government to closed, static, and undifferentiated economies. Now, writers such as Andre Gunder Frank (1967), Samir Amin (1974a, 1976), Walter Rodney (1972), and Immanuel Wallerstein (1979) stress instead the inexorable logic of a capitalist world system, whose effects on Africa are stifling instead of liberating. Both views share a unitary conception of the world economy, the first through a smug assumption that existing economic structures are part of civilization, and the second through an argument that sees change in Africa as a reflection of the growth of capitalism in Europe. The first conception of a world economy defined Africa's role as little more than holding back progress on a predetermined road; the second implied that Africa's influence on the world economy was not nearly so great. In the 1960s, scholars of Africa reversed such biases for a time. Especially among historians, an Africanist perspective emphasized “African activity, African adaptations, African choice, African initiative” (Ranger, 1968: xxi).