Advertisement

The Impact of Globalization on Sub-Saharan Africa

  • Emeka NkoroEmail author
  • Aham Kelvin Uko
Chapter

Abstract

This study examined globalization and Sub-Saharan Africa (SSA) with emphasis on its impact on growth and poverty reduction in relation to other regions. The existing literatures on the implication of globalization on economic growth and poverty were reviewed. The study reveals that SSA has been marginalized or has not fared well in spite of the high integration of its member countries. Indeed, SSA has relatively remained poor and with high incidence of poverty. However, in order to maximize the benefits of globalization, Sub-Saharan Africa needs to adopt among others; development of strong production base that is predicated on value-added products, export structures diversification, development of manufactured export capacity and the political-will to implement these policies among others.

Keywords

Globalization Sub-Sahara Africa Economic growth Poverty 

References

  1. AFDB. (2009): African Development Bank Report.Google Scholar
  2. Ajayi, S. I. (2001). What Africa needs to do to benefit from globalization. Finance and Development, 28, 6–8.Google Scholar
  3. Baliamoune, M. (2002). Assessing the impact of one aspect of globalization on economic growth in Africa, WIDER discussion paper no. 2002/91.Google Scholar
  4. Daouas, M. (2001). Africa faces the challenges of globalization, Finance and Development, 38(4), (in 18 Mar 2013) [http://www.imf.org/external/pubs/ft/fandd/2001/12/daouas.htm].
  5. Dollar, D., & Kraay, A. (2001). Trade, growth and poverty, Finance and Development, 38(3), (in 18 Mar 2013) [http://www.imf.org/external/pubs/ft/fandd/2001/09/dollar.htm].
  6. Gondwe, G. E. (2001). Making globalization work in Africa. Finance and Development, 38(4), 4 Dec.Google Scholar
  7. Kankwenda, M. L., Gregoire, H., & Quedraogo, H. (2000). Poverty eradication: Where stand Africa?. London: UNDP, Economical Limited.Google Scholar
  8. Kayizzi-Mugerwa, S. (2001). Globalization, growth and income inequality: The African experience, OECD development centre working paper no. 186. Google Scholar
  9. Khan, A. R. (1997). Globalization, liberalization, and equitable growth: Lessons from contemporary asian experience. The Pakistan Development Review, 36(4), 915–928.Google Scholar
  10. Khor, M. (2001). Rethinking globalization: Critical issues and policy choices. London and New York: Zeb Book.Google Scholar
  11. Mason, P. (2001). Globalization: Facts and figures, IMF policy discussion paper, PDP/01/4 Oct.Google Scholar
  12. Mussa, M. (2000). Factors driving global economic integration. Washington: IMF.Google Scholar
  13. Nyong, M.O. (2005). Globalization, poverty and growth, chapter 14. In M. O. Nyong (2005), International economics: Theory, policy and application. Cross Rivers State: Wusen Publishers.Google Scholar
  14. Obadan, M. I. (2005a). Financial globalization and sub-saharan Africa. The Public Lecture Series of the United Nations African Institute for Economic Development and Planning (IDEP), Dakar, 30 June 2005.Google Scholar
  15. Obadan, M. I. (2008b). Economic globalization, markets and national development: How sensible do the poor countries (Nigeria included) stand? In: Proceedings of Inaugural Lecture Series 98, UNIBEN, 18 Sep 2008.Google Scholar
  16. Quattara, A. D. (1997). The challenges of globalization for Africa. Address at the South Africa economic summit sponsored by the world economic forum, Harare, 21 May 1997.Google Scholar
  17. Rodrick, D. & Rodriguez, F. (1999). Trade policy and economic growth: A skeptic’s guide to cross national evidence. National bureau of economic research, working paper 7081. Google Scholar
  18. Sachs, J. (2005). The end of poverty: How we can make it happen in our lifetime (pp. 20–21). London: Penguin Book.Google Scholar
  19. Stern, N. (2002). A strategy for development. Washington D.C: The World Bank.CrossRefGoogle Scholar
  20. UN. (2004). Human development report. New York: Oxford University Press.Google Scholar
  21. UNCTAD. (2000). Capital flows and growth in Africa, Paper number UNCTAD/GDS/MDPB/7.Google Scholar
  22. UNDP. (1998). Human development report, 3(1), Winter.Google Scholar
  23. UNDP. (2001). Human development report, Nigeria, 2001/2002 Millennium Edition, Lagos.Google Scholar
  24. UNECA. (2007). Economic report on Africa. Addis Ababa: UNECA.Google Scholar
  25. World Bank. (2000). World development indicators. Washington D.C: World Bank.Google Scholar
  26. World Bank. (2002). Globalization, growth and poverty: A world bank policy research report. Washington D.C: World Bank/Oxford University Press.Google Scholar
  27. World Bank. (2007). World development indicators. Washington D.C: World Bank.Google Scholar
  28. World Bank. (2009a). World development indicators. Washington D.C: World Bank.Google Scholar
  29. World Bank. (2009b). World development report, 1997/98. Washington D.C: World Bank.Google Scholar
  30. Yakubu, N. (1999). Millennium and globalization: What is in it for us? Crystal International News Magazine, 1(6), 35.Google Scholar

Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Economics DepartmentUniversity of Port HarcourtPort HarcourtNigeria

Personalised recommendations