"global Capitalism And The Underdevelopment Of Africa"

 "Global Capitalism and the Underdevelopment of Africa" ePub fb2 book

ABOUT THIS BOOKThis book challenges Global Capitalism to live up to its promises as the best economic approach to eradicate poverty and misery from this world. This book has looked at both the theory and the practice of global capitalism, as a result of which the author has been able to pinpoint the dilemma and the challenges confronting the global economy in general and Sub-Saharan Africa in part...

Paperback: 222 pages
Publisher: AE Org (2010)
Language: English
ISBN-10: 0982741812
ISBN-13: 978-0982741818
Package Dimensions: 9 x 6 x 0.5 inches
Amazon Rank: 16131573
Format: PDF ePub Text djvu ebook

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ough his powerful analysis, based on many years of post-doctorate experience in economic development issues, the author has been able to derive a new set of policies and strategy that can improve the global economy and reduce poverty and regional inequalities; in order to arrive at a more peaceful world.Given the current global economic crisis, this book provides the reader with an understanding of the production mode and the human welfare aspects of global capitalism together with its financial, trade and environmental impact as rooted in western doctrines and as practiced through globalization.The book shows that in the absence of an effective global regulatory body, which will ensure the fairness of the global financial system to all regions both developed and underdeveloped then the success of global capitalism as the engine of global prosperity is strongly contingent upon its ethical embodiment and its human face. If this is the case, then the book also show that existing global financial system cannot and should not be seen purely as a financial-engineering system with rational instincts, but rather as a speculative mechanism with a high degree of uncertainty and distress. The book therefore shows that Global financial system has a moral dilemma and not only has it failed in its moral duty, and that it may continue to do so if new measures are not introduced judiciously. This book has therefore laid out the necessary measures that will reduce regional economic inequalities and therefore reduce human conflict.