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Neoliberalism in Africa, Apocalyptic Failures and Business as Usual Practices
By George Caffentzis
Abstract
I have been asked to speak about Neoliberal theory and its impact on Africa, especially its political implications. Given the time constraints I cannot go into the explanation of why neoliberalism replaced Keynesianism in the late 1970s and early 1980s as the hegemonic economic paradigm in the US and Europe. I will merely start medias res and give some definitions of neoliberal theory and its typical policies, then I will go on to discuss its impact on Africa in the last two decades.
Full Text (PDF, 16 pages, 105.8 KB)