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Volumn 51, Issue 3, 1999, Pages 13-30

Sub-Saharan Africa in global capitalism

(2)  Saul, John S a   Leys, Colin a  

a NONE

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EID: 0002979057     PISSN: 00270520     EISSN: None     Source Type: Journal    
DOI: 10.14452/mr-051-03-1999-07_2     Document Type: Review
Times cited : (53)

References (45)
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    • The figure of forty-eight states actually includes a number of island states and statelets which are more or less near Africa and conventionally included in it, but whose history, resource endowment, present economic structures, and cultures distinguish them in various ways from Africa proper. These are Cape Verde (pop. 0.4 m.), Madagascar (pop. 15.8 m.), Mauritius (pop. 1.1 m.), Sao Tome and Principe (pop. less than 100,000), and Seychelles (pop. 100,000). Seychelles and Mauritius have relatively high per capita incomes, based on tourism and also, in the case of Mauritius, on clothing exports
    • The figure of forty-eight states actually includes a number of island states and statelets which are more or less near Africa and conventionally included in it, but whose history, resource endowment, present economic structures, and cultures distinguish them in various ways from Africa proper. These are Cape Verde (pop. 0.4 m.), Madagascar (pop. 15.8 m.), Mauritius (pop. 1.1 m.), Sao Tome and Principe (pop. less than 100,000), and Seychelles (pop. 100,000). Seychelles and Mauritius have relatively high per capita incomes, based on tourism and also, in the case of Mauritius, on clothing exports.
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    • In the eight years leading up to 1997, thirty African countries had per capita income growth of over 1.5 percent, while only twenty-three had less, or declining incomes (ADB, op. cit., p. 3). This was markedly better than the 1980s, but starting from a lower base: many countries had still to get back to the per capita income levels of 1980, and, in any case, counting countries rather than populations distorts the picture since many of the better-performing economies were small
    • In the eight years leading up to 1997, thirty African countries had per capita income growth of over 1.5 percent, while only twenty-three had less, or declining incomes (ADB, op. cit., p. 3). This was markedly better than the 1980s, but starting from a lower base: many countries had still to get back to the per capita income levels of 1980, and, in any case, counting countries rather than populations distorts the picture since many of the better-performing economies were small.
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    • The average rate of return on U.S. FDI in 1997 for all countries was 12.3 percent. The average rate of return on U.S. FDI in Africa for the whole period 1990 to 1997 was 29 percent United Nations, World Investment Report 1998: Trends and Developments (New York and Geneva: United Nations, 1998)
    • The average rate of return on U.S. FDI in 1997 for all countries was 12.3 percent. The average rate of return on U.S. FDI in Africa for the whole period 1990 to 1997 was 29 percent (United Nations, World Investment Report 1998: Trends and Developments (New York and Geneva: United Nations, 1998).
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    • 1997, the whole of Africa (including north Africa) attracted less than 3 percent of all the world's foreign direct investment, and sub-Saharan Africa excluding South Africa, barely half of that - i.e., 2.7 billion dollars; and slightly over half of this went to the half-dozen oil-exporting countries (United Nations, op. cit.)
    • In 1997, the whole of Africa (including north Africa) attracted less than 3 percent of all the world's foreign direct investment, and sub-Saharan Africa excluding South Africa, barely half of that - i.e., 2.7 billion dollars; and slightly over half of this went to the half-dozen oil-exporting countries (United Nations, op. cit.).
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    • As we will see, there was a rough, if misleading, plausibility to all of this. African states were not, by and large, "developmental" in any meaningful sense of the word, but had instead become predatory excrescences, parasitic upon the peasantry certainly and with little residual popular legitimacy. It was therefore that much easier for outside actors to present Africa's problems as being exclusively internal ... and as largely state-inspired
    • As we will see, there was a rough, if misleading, plausibility to all of this. African states were not, by and large, "developmental" in any meaningful sense of the word, but had instead become predatory excrescences, parasitic upon the peasantry certainly and with little residual popular legitimacy. It was therefore that much easier for outside actors to present Africa's problems as being exclusively internal ... and as largely state-inspired.
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    • In his book, A future for Africa: Beyond the politics of adjustment (London: Earthscan, 1992), Onimode mounts a powerful case against structural adjustment, capping the point we have quoted here with the observation that, "a generation of Africans has been lost and a second is under serious threat, while the marginalization of Africa has accelerated alarmingly in most spheres" (p. 1).
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    • On the importance of the distinction between "liberal democracy" and "popular democracy" in Africa see John S. Saul, "'For Fear of Being Condemned as Old Fashioned': Liberal Democracy vs. Popular Democracy in Sub-Saharan Africa" in Kidane Mengisteab and Cyril Daddieh, eds., State Building and Democratization in Africa (Westport: Praeger, 1999).
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