African Political Economy in the Twenty-First Century: Theories, Perspectives, and Issues edited by Emeka C. Iloh, Ernest T. Aniche, and Stephen N. Azom fills the gap in the discourses on African political economy from an African perspective. Since the end of colonialism in the second half of the twenty-first century, a wide-ranging debate has opened on the future of African development and the nature and character of its political economy, especially as it concerns its web of relationships in the international political and economic system. Two decades into the twenty-first21st century, the debate still rages on and is likely to continue for a long time. This book contributes to the debate by addressing the important question of how African countries can strategically and tactically approach global political economy at multilateral, continental, and regional levels in view of North-South versus South-South configurations. African Political Economy in the Twenty-First Century further suggests how African countries can effectively utilize global forces to Africa’s advantage in advancing domestic, regional, and continental development objectives.
Emeka C. Iloh is senior lecturer and the coordinator of the postgraduate program in the Department of International Relations and Diplomacy at Afe Babalola University, Ado-Ekiti, Nigeria.
Ernest T. Aniche is senior lecturer and the acting head of the Department of Political Science at Federal University Otuoke, Bayelsa State, Nigeria.
Stephen N. Azom is senior lecturer in the Political Science Department and the coordinator of postgraduate studies at Federal University Lafia, Nasarawa State.
List of Figures and Tables
Foreword by Kelechi Kalu
Introduction: Africa and the International Political Economy: Reflections on the Dynamics of Multilateralism in the 21st Century by Emeka C. Iloh, Ernest T. Aniche, and Stephen N. Azom
Part One: Ontological, Epistemological and Theoretical Issues
Chapter 1: International Political Economy: Concepts, Theories, and Thematic Ramifications by Al Chukwuma Okoli, and Dominic Degraft Arthur
Chapter 2: Theories of International Trade: Perspectives from Africa by Denis Nfor Yuni
Chapter 3: Transcending Neo-functionalism: Towards a New Theory of Regional Integration in Africa by Ernest T. Aniche, Okechukwu Richard Oji, and Victor H. Mlambo
Chapter 4: Dependency and Development Question in Africa by Ademola Azeez and Segun Oshewolo
Part Two: Africa and the Purveyors of Global Political Economy
Chapter 5: Africa and the World Bank: An Environmental Perspective by Olawari D. J. Egbe
Chapter 6: African Development Bank and the Dynamics of African Political Economy by Stephen N. Azom and Moses Etila Shaibu
Chapter 7: Group of Seven (G7) and Development Trajectories in Africa by Gafar Idowu Ayodeji and Iseoluwa Raphael Olayinka
Part Three: Multilateralism, Integration and Trade System in Africa
Chapter 8: Regional Integration and Economic Growth in North Africa: Resilience or Fading Agenda by Jude Odigbo, Remi Chukwudi Okeke, and Chigozie Joseph Nebeife
Chapter 9: Regionalism and Regional Integration in East Africa: Contradictions and Challenges by Nzube Aguchukwu Chukwuma and Emmanuel Chukwunonye Ojukwu
Chapter 10: African Continental Free Trade Area (AfCFTA) and Regional Integration in Africa: Issues and Prospects by Queeneth Odichi Ekeocha, Patrick Nwabueze Ubru, Chukwuemeka Vincent Muoneke and Emeka C. Iloh
Chapter 11: International Trade, South-South Cooperation and African Integration by Kenechukwu Udoka Udibe
Chapter 12: Liberalism and Protectionism in International Trade: Options for African Political Economy by Sunday Orinya
Chapter 13: International Trade Wars and Decline in Economic Diplomacy: Should Africa Really Be Worried? by Ifeanyi P. Maduechesi
Chapter 14: International Trade Policies and Politics of Food Security in Africa by Emeka C. Iloh, Clement Okonkwo and Nnabuike Christopher Anikwudike
Part Four: International Finance and Development Issues in Africa
Chapter 15: Washington Consensus, North-South Relations and African Development by Andre Ben-Moses Akuche and Goddy U. Osimen
Chapter 16: International Financial Flows and Development in Africa by Felix Aja Elechi and Kennedy Chibuike Ohazuruike
Chapter 17: Political Economy of Foreign Direct Investments in Africa: Critical Reflections by Jerry Mathekga
Chapter 18: Political Economy of Aid and Official Development Assistance in Sub-Saharan Africa by Olabode Agunbiade
Chapter 19: Africa and International Philanthropy: The Good, the Bad and the Ugly by Toyin Cotties Adetiba
Chapter 20: Debts, Extraction and Predation: Defacing the New Foreign Regimes of Indebtedness in Kenya by Stephen Mutie
About the Editors and Contributors
This book is a major contribution to the study of Africa's political economy. Its interdisciplinary nature and the breadth and depth of its coverage have guaranteed its central place in African studies.
A sober consideration of Africa's political economy that prompts the continent to turn the leaf on its aspirations for the socioeconomic and political change that has long eluded it.