Globalization in Africa - Old Globalization Versus New Globalization, Globalization's Implications For Africa, Bibliography
economic system process capitalist
Globalization represents a process of rapid intensification of broad economic, political, and cultural interconnectedness among the different actors in the global system. The process is qualitatively different from the global expansion of product markets that is inherent to the capitalist socioeconomic system and emerges during certain epochs of capitalism under conditions of political and economic hegemony and a balance of power among social classes that is decisively tilted in favor of capital at the global level. A confluence of these two conditions, which are not always present in the capitalist system, sets in motion a vision of capitalism that aims to integrate national economies into a single economic space through various institutional arrangements and policy instruments crafted along the liberal ideology.
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There is little agreement on whether globalization is new or old. Some observers contend that the unfolding global order is entirely new. Others claim that it is not fundamentally different from the order that prevailed in the nineteenth century roughly between 1840 and 1914 under the political and economic hegemony of Great Britain. In any case, globalization has emerged since the closing decades…
Incorporation of African economies into the global capitalist system produced profound changes on African societies. New globalization has also begun to impact African societies in significant ways. The literature on Africa's incorporation, however, has not drawn a distinction between the continent's incorporation into the capitalist system and its incorporation under globalization. …
Ake, Claude. "The New World Order: A View from Africa." In Whose World Order? Uneven Globalization and the End of the Cold War, edited by Hans-Henrik Holm and Georg Sørensen, 19–42. Boulder: Westview Press, 1995. Amin, Samir. Delinking: Towards a Polycentric World. London: Zed Books 1985. Bienefeld, Manfred. "The New World Order: Echoes of New Imperialism." …
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