Positive And Negative Effects Of Globalization In Africa
African perceptions on globalization are varied but mostly anxious. Many African leaders are publicly critical of it but few have dared …show more content…
During its height in the 1960’s and 1970’s, the cold war witnessed the appearance of authoritarian regimes in the form of one-party or military regimes. This was largely a result of the support of the two blocks to keep African countries in their individual camps. This has in turn, substantially reduced Africa’s international negotiating power and its ability to exercise in the international system. In sum then, the cold war and its end has operated against democracy and economic development in Africa. Specific effect of globalization on Africa were identified in the political sphere, the most significant outcome is the obliteration of sovereignty, especially on economic and financial matters.
More important is the fact that globalization for most part does not aid the organization of the economic situations necessary for genuine democracy and good governance to take solid roots and thrives.
Economically, globalization has, on the whole, strengthened the economic ostracism of African economies and their dependence on a few primary goods for which demand and prices are externally decided. This has, in turn increased poverty and economic inequality as well as the ability of the vast number of Africans to participate meaningfully in the social and political life of their