Globalization and Sustainable Development in Africa (Rochester Studies in African History and the Diaspora)

488 Pages·2011·6.16 MB·English

by  Bessie House-Soremekun

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Contributors: “Utilizing all of the social sciences, these essays approach the ew studies of globalization have
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Aderonke Adesola Adesanya, Baiyee-Mbi question of globalization with breadth and fresh thinking, and o analyzed its impact on African
b
Agbor-Baiyee, Iyiola Alade Ajayi, Adeyemi societies from the viewpoint of
suggest avenues for further development in Africa with ingenuity.
da
Babalola, Karen E. Bravo, Gracia Clark, sustainable development. This
The result is a collection that will be of value to historians, el
Toyin Falola, Bessie House-Soremekun, vi volume answers that need. The essays
economists, and political scientists on one side, and government z
Stephen D. Kpinpuo, Charles J. Mambula, e here contribute to the store of knowledge
John Babatunde Bamidele Ojo, Mary policy planners on the other.” la about globalization in sub-Saharan
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J. Osirim, Rubin Patterson, Ulf Richter, —Andrew Barnes, associate professor of history, pio Africa by documenting the effect of
Abdoulaye Saine, Ricardo Real Pedrosa Arizona State University mn this global force on the continent’s
de Sousa, Martin C. Spechler, Kola
e economic, political, and cultural
Subair, Christopher E. S. Warburton, na
development. This interdisciplinary
Benaiah Yongo-Bure tn
collection provides comprehensive
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“Bessie House-Soremekun and Toyin Falola have assembled here i
n analyses—at the international, national,
dr. bEssiE HousE-sorEmEkun is an relevant, far-reaching, and carefully written essays on Africa’s S and local levels—of the theoretical issues
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award-winning author and internationally
development in a global age. The volume is a timely response fS revolving around the complex process
recognized scholar, expert, and advocate
to the economic and political issues challenging Africa’s growth rt of globalization, while offering detailed
on entrepreneurship and economic ia examinations of new models of economic
at this crucial period in world history. A must read for those c
development. She is the director of i
an development that can be implemented
Africana studies; Public Scholar in African interested in contemporary Africa.”
a in sub-Saharan Africa to enhance
American Studies, Civic Engagement,
—Tanure Ojaide, Frank Porter Graham Professor of b economic growth, self-sufficiency, and
and Entrepreneurship; professor of
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Africana Studies, University of North Carolina at Charlotte sustainable development. These models
political science and Africana studies; e
are accessible to politicians, public policy
and the founding executive director of
analysts, scholars, students, international
the Center for Global Entrepreneurship
and Sustainable Development at Indiana organizations, nongovernmental actors,
University–Purdue University, Indianapolis. and members of the public at large.
Finally, the essays here provide insightful
H Globalization and SuStainable
dr. toyin falola,
Fellow of the o case studies of African countries that
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Nigerian Academy of Letters and Fellow
a s already demonstrate creative, indigenous-
oFrf atnhcee Hsi sHtiogrgicinabl oStohcaimet yN oafll eN Cigeenrtiae,n insi atlh e fand E-soEditE development in africa banadse ddis mcuosdse lesf foofr tesn ttroe pacrehnieevuer ship
Professor in History and Distinguished lorEd b sustainable development and economic
Teaching Professor at the University of Cover image: Yo, 2006 oil painting by dele jegede lamEy independence at the grassroots level.
Texas at Austin. He is also the Nelson k
Cover design: Frank Gutbrod u Contributors represent the disciplines of
Mandela Professor of African Studies n
law, history, political science, economics,
at Large, the Julius Nyerere Chair in EditEd by
sociology, anthropology, business and
Modern African Studies at Benue State
bEssiE HousE-sorEmEkun and toyin falola management, African studies and art
University in Nigeria, and the Ibn Khaldun
history, and education.
Distinguished Research Professor.
Soremekun-Falola_cover.indd 1 9/13/11 12:04:06 PM
Globalization and Sustainable
Development in Africa
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Rochester Studies in
African History and the Diaspora
Toyin Falola, Series Editor
The Frances Higginbotham Nalle Centennial Professor in History
University of Texas at Austin
(ISSN: 1092-5228)
A complete list of titles in the Rochester Studies in African History and the
Diaspora series, in order of publication, may be found at the end of this book.
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Globalization and Sustainable
Development in Africa
Edited by Bessie House-Soremekun and
Toyin Falola
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Copyright © 2011 by the Editors and Contributors
All rights reserved. Except as permitted under current legislation, no
part of this work may be photocopied, stored in a retrieval system,
published, performed in public, adapted, broadcast, transmitted,
recorded, or reproduced in any form or by any means, without the
prior permission of the copyright owner.
First published 2011
University of Rochester Press
668 Mt. Hope Avenue, Rochester, NY 14620, USA
www.urpress.com
and Boydell & Brewer Limited
PO Box 9, Woodbridge, Suffolk IP12 3DF, UK
www.boydellandbrewer.com
ISBN-13: 978-1-58046-392-8
ISSN: 1092-5228
Library of Congress Cataloging-in-Publication Data
Globalization and sustainable development in Africa / edited by Bessie House-
Soremekun and Toyin Falola.
p. cm. — (Rochester studies in African history and the diaspora, ISSN 1092-
5228 ; v. 51)
Includes bibliographical references and index.
ISBN 978-1-58046-392-8 (hardcover : alk. paper)
1. Sustainable development—Africa. 2. Globalization—Africa. 3. Africa—
Economic policy. 4. Africa—Economic conditions—1960- I. House-Soremekun,
Bessie, 1956– II. Falola, Toyin. III. Series: Rochester studies in African history and
the diaspora ; v. 51.
HC800.Z9E5447 2011
338.96'07—dc23
2011019571
A catalogue record for this title is available from the British Library.
This publication is printed on acid-free paper.
Printed in the United States of America.
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This book is dedicated to Chief Dr. Maurice Adekunle Ebun Soremekun.
Thanks for your unswerving support and encouragement.
We are very grateful.
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Contents
Preface ix
Abbreviations xvii
Introduction: Africana in the Margins 1
Toyin Falola and Bessie House-Soremekun
Part One: Globalization and Development
1 The Trouble with Globalization: It Isn’t Global Enough! 21
Martin C. Spechler
2 Can Africa Compete in a Global Economy? 43
Baiyee-Mbi Agbor-Baiyee
3 A Two-Track Strategy for Viable Development in Africa 69
Benaiah Yongo-Bure
4 Solutions to Africa’s Development Challenges 88
Stephen D. Kpinpuo
5 Renewable Energy, Migration-Development Model, and
Sustainability Entrepreneurship 103
Rubin Patterson
Part Two: Localities, Nations, and Globalization
6 Transborder Labor Liberalization and Social Contracts 125
Karen E. Bravo
7 Asante Society and the Global Market 149
Gracia Clark
8 Enterprising Women in Zimbabwe: Confronting Crisis in a
Globalizing Era 175
Mary J. Osirim
9 Sustainable Strategies in a Postconflict Environment:
Fostering Local Entrepreneurship in Côte d’Ivoire 196
Ulf Richter
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viii
Part Three: Industrial and Financial Networking
10 Globalization and Monetary Convergence: Independent
Currency Union or Dollarization? 213
Christopher E. S. Warburton
11 The Impact of Globalization on Emerging Markets:
The Case of Côte d’Ivoire 233
Ulf Richter
12 Globalization and Industrial Development in Nigeria 257
Kola Subair
13 Interest Rates, Fiscal Policy, and Foreign Private
Investment in Nigeria 276
Iyiola Alade Ajayi and Adeyemi Babalola
14 Why Nigeria Does Not Work: Obstacles and the
Alternative Path to Development 298
Charles J. Mambula
Part Four: Insecurity and Conflicts
15 The Impact of Globalization on International Security 327
John Babatunde Bamidele Ojo
16 Resource Curse, Globalization, and Conflicts 354
Ricardo Real Pedrosa de Sousa
17 The Politics of Oil and Development and Visual
Metaphors of the Crisis in Nigeria’s Niger Delta 377
Aderonke Adesola Adesanya
18 Islam and the “Global War on Terror” in West Africa 404
Abdoulaye Saine
Selected Bibliography 421
List of Contributors 437
Index 445
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Preface
As the processes of globalization have accelerated in recent decades, virtu-
ally all countries of the world have experienced its multifaceted impacts,
most particularly as we move further into the twenty-fi rst century. Economic
restructuring processes, which have been underway for several decades, have
posed new challenges for nation-states and the international citizenry within
the changing contours of the global economy. These challenges are likely
to persist in the coming decades as a result of technological changes, an
increase in international-trade activities, the widening digital divide, global
warming, and the increasing levels of complexity that characterize contem-
porary political and economic relationships.
This edited volume is the outgrowth of the First Public Scholars in Afri-
cana Studies International Conference on Globalization which was held
at Indiana University–Purdue University Indianapolis (IUPUI) from Octo-
ber 29–31, 2009. The theme of the conference was “Rethinking Economic
Development in the Context of Globalization: Entrepreneurship, the
Knowledge Economy, and Sustainable Development.” The purpose of the
conference was to examine the impacts of globalization on various coun-
tries of the world, with a particular emphasis on Africa and the African
Diaspora. Scholars were asked to rethink and reconceptualize globalization
within the broader context of the twenty-fi rst century knowledge economy
and efforts put forward by nation-states of the world to achieve sustain-
able development. A second goal of the conference was to develop pub-
lic policy recommendations that could be implemented by nation-states,
political leaders, NGOs, and members of the public at large to enhance
the attainment of economic and sustainable development. Although not
all the presenters are represented here, we would like to acknowledge the
contributions of all of them.
We have numerous people to thank for their support in helping us to
organize the conference. We are grateful to Dr. Charles Bantz, chancellor at
Indiana University–Purdue University Indianapolis for his strong support of
the event as well as Dr. Uday Sukhatme, executive vice chancellor and dean
of the faculties, Dr. William Blomquist, dean of the School of Liberal Arts,
and Dr. Monroe Little, former director of the Africana Studies Program.
We are especially grateful to His Royal Majesty, Oba Michael Adedotun
Gbadebo, the Alake and Paramount Ruler of Egbaland and Her Royal Maj-
esty, Olori, Dr. Tokunbo Gbadebo for being our special guests for four days
during the week of the conference and for the wonderful keynote address
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