Abstract
This paper used the core-periphery concept of underdevelopment as a theoretical framework to analyze the African development crisis and the collapse of African initiatives with the development of the Global thought. The paper observed inter alia, that the force of Globalization in which the policies of the core centers have led to the collapse of local (African state) initiatives in all spectrums of the region’s developmental question has not only created more domestic problems of underdevelopment but is also gradually exporting the accompanying pressures in a scale that would ultimately lead to a decay of the core-controlled global system. It recommended among other things, a rethink by the core in its development policies by shifting emphasis (through investments, divestments or aids) towards the periphery in an effort to mitigate the heavily-tilted developmental gap between the north and south. Key words: African development crisis, globalization and inequality, core/periphery paradigm, North-South gap.
Highlights
The nature of African development crisisThe development crisis in Africa is hydra-headed – impacting virtually on all the major sectors of the region’s domestic economy–namely the governmental, agricultural, industrial, trade and service sectors
Impacting virtually on all the major sectors of the region’s domestic economy–namely the governmental, agricultural, industrial, trade and service sectors. If it is not an issue over corrupt leadership or an abused electoral process high-jacked by some self-styled messiah whose actions are geared towards truncating due process of genuine democratic progress in their state, it will, in another segment of the region’s economy, be that of drought or other harsh climatic conditions ravaging the production of crops and farm animals
Sanubi the region’s dire economic and political predicament. As it may seem, analyses on the development crisis in Africa may probably have been overstretched by contemporary authorities on the subject matter of African political economy
Summary
African development crisis and global thinking: Collapse of the periphery, decay of the core. The paper observed inter alia, that the force of Globalization in which the policies of the core centers have led to the collapse of local (African state) initiatives in all spectrums of the region’s developmental question has created more domestic problems of underdevelopment but is gradually exporting the accompanying pressures in a scale that would lead to a decay of the core-controlled global system It recommended among other things, a rethink by the core in its development policies by shifting emphasis (through investments, divestments or aids) towards the periphery in an effort to mitigate the heavily-tilted developmental gap between the north and south
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