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Neo-Mercantilism as Development Ideology (in Africa)

  • Donald OkekeEmail author
Chapter
Part of the The Urban Book Series book series (UBS)

Abstract

Originally, neo-mercantilism emerged as a trade strategy, which is applied at the global space. The African region was exposed to it from the receiving end as a consumer economy. However its attribute of protectionism amongst other qualities recommend it as option to be conceptualized as development ideology for Africa. Neo-mercantilism as development ideology adopts government and entrepreneurial synergy to maximize regional interest as a means of advancement in political economy. Therefore it anticipates optimal state intervention to support entrepreneurship, both formal and informal although it holds informality as an exception and not a norm. In the circumstance, market force is expected to intersperse with planning rationality to manage growth in the context of regional spatial integration. Therefore, spatial factors framed on distributive justice sought with territorial planning principles, inform neo-mercantilist ideology as policy instrument for African regionalism.

Keywords

Mercantilism Neo-mercantilism Century Development ideology Institutionalist Developmentalism 

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.African Settlements Research Group, Department of Urban and Regional PlanningUniversity of NigeriaEnuguNigeria

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