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Erschienen in:
2014 | OriginalPaper | Buchkapitel
Introduction
verfasst von : George Kararach
Erschienen in: Development Policy in Africa
Verlag: Palgrave Macmillan UK
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Globalisation has given rise to the mistaken perception that ‘fathomless’ capital is a manifestation of a ‘new world order’. It has, however, become apparent that the recent financial crisis resulted from more than mere fragility of the financial system — in turn, a product of limited or absent transparency — but rather a deep structural inability to respond to shocks. This book argues that Africa (which cannot be viewed as a homogeneous entity) — and has from time immemorial been battered by different forces of dislocation — will be enabled to develop only through its response to seismic shocks. The story begins with the 2008/2009 global economic crisis as the most recent of these shocks, and the consequent renewed need for restructuring. Africa needs to improve its capacity to respond to different pressures, from whatever source. Thus, the book maps a new development agenda for the continent.