Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Reclaiming Economic Sovereignty in Africa: A Natural Resource-Based Industrialisation Perspective

Reclaiming Economic Sovereignty in Africa: A Natural Resource-Based Industrialisation Perspective

Chitonge, Horman

Hardcover

Series: Anthem Africology, Book 1

Business GeneralEconomics

ISBN10: 1839993332
ISBN13: 9781839993336
Publisher: Anthem Press
Published: Apr 8 2025
Pages: 246
Weight: 1.10
Height: 0.69 Width: 6.00 Depth: 9.00
Language: English

This book has approached the question of natural resources in Africa from a different perspective. It makes the argument that natural resources in Africa can be utilised to reclaim its economic sovereignty which is central to the economic development and industrialisation of the continent. In making this argument, the book acknowledges that African countries have political control (de jure sovereignty) over natural resources in their respective territories, but most of them have little control over what happens to these resources (de facto sovereignty) once an extractive licence is issued. This is evident in the fact that the bulk of primary commodities in Africa are shipped out of the continent in raw or semi-processed form, with most African states having no say over what happens to these natural resources once they are extracted. This is mainly because most countries have low productive capabilities to transform the abundant natural resources into final consumer and capital goods. As a consequence of low productive capabilities, most African countries have no option (no margin of discretion or autonomy) but to sell their primary commodities in raw or semi-processed form, leading to the now famous situation of 'commodity trap'.

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