Introduction: Africa in a Globalized World
In the introductory chapter, Kalu and Falola recount Africa’s weak position in global political and economic spheres. They acknowledge that globalization has created enormous opportunities in the global market and created new winners, especially in the newly industrializing countries of Southeast Asia. However, Africa has been unable to reap much benefit from the expansion in global trade. This inability, so far, to play an important role in the global economy is attributed, at least in part, to weak institutions, poor governance records and lack of productive capacities in most of Africa’s states. Kalu and Falola want African leaders and policymakers to look inward and take steps towards transforming the state and its institutions to allow sustainable and inclusive growth.