Dependency theory and the political economy of Africa's crisis
Open Access
- 1 January 1988
- journal article
- research article
- Published by Review of African Political Economy in Review of African Political Economy
- Vol. 15 (43)
- https://doi.org/10.1080/03056248808703791
Abstract
This article will examine the ways in which the right and a large part of the left have converged in their assessment of the African problem, united both in their denigration of dependency theory and in their belief that state intervention lies at the root of Africa's problem andthat market forces represent a powerful and historically progressive force in Africa today. In this context it will consider the assumptions, the evidence and the arguments that support both the right's ‘new orthodoxy’ and the left's ironic rediscovery of ‘the acceptable face of capitalism’ in the smouldering ruins of Africa's economies.Keywords
This publication has 4 references indexed in Scilit:
- State Power and Economic Inefficiency : Explaining Political Failture in AfricaIDS Bulletin, 1986
- The lessons of Africa's industrial ‘failure’IDS Bulletin, 1985
- Kenya: what does ‘dependency’ explain?Review of African Political Economy, 1980
- Welfare of the common man in various countriesWorld Development, 1974