Monday, 1 October 2018

Pan Africanism, Globalisation & Regional Integration: The Impact of Trade Wars on Developing Nations RL Vol. XII No. 303, MMXVIII



Today, humankind stands on an extraordinary, and perhaps, seductive sets of dilemma: a global lifestyle and value system in which the 21st century has ushered in unprecedented global wealth; yet, such a lot that is all lavishly squandered, while Africa is haunted by an oppressive present -- an embodiment of conflicts and devoured natural environment.

Interview transcript
Pan Africanism, Globalisation & Regional Integration: The Impact of Trade Wars on Developing Nations
Public lecture series - RL Vol. XII No. 303, MMXVIII
Costantinos Berhutesfa Costantinos, PhD
Chair Ethiopica Communication Infrastructure & Tunnelling Co

         Elbowing the heinous crimes of slave trade, and later on, colonialism and militarism, Pan-Africanism represents the complexities of black political and intellectual thought over two hundred years. At a basic level, it is a belief that African peoples, both in Africa and Diaspora taken as slave labour, share not merely a common history, but also a common destiny.
Even today, Africa faces the usual panoply of challenges endemic in with too few instruments and too few resources, while also grappling with the perennial problem of non-integration. While the top five fast growing economies are in the continent, coupled with the impact of the recent trade war, globalisation and regional integration are disembarking on ill-prepared African leadership… Hence, Africa should modify regulatory policies that inflate business costs and depress urban consumer incomes, go for bolder and more unconventional agricultural policies and put in place a smarter set of policies for the financial sector.
            On regional integration, the case for government investments in public goods such as roads and power infrastructure is undeniable, as it is laying the essential foundations—the necessary conduits and circuitry—of a modern economy. The peace initiative with Eritrea has suddenly transformed the Horn of Africa where Somalia and Eritrea have made peace, there is dialogue between Djibouti and Eritrea and the South Sudanese have once more put pen to paper to make peace. 

        On ethnic based conflicts, the degree of self-determination up to and including secession, has been widely assumed by its critics that this was pronounced with the objective of legitimising the stand that condoned the secession of Eritrea. Consistent with this strategy, a major restructuring of Ethiopian polity has been undertaken, setting the foundation for and cutting it up into a score of regional governments based on linguistic, ethnic, and cultural identity. Hence, maintaining peace, law and order are paramount if the economic trajectories will continue as expected by IFIs that have been pumping loans and grants to the state. Moreover, if it is going to continue to be the darling of FDI, it must secure law and order with a view to secure more investments. 

See paper here or  https://www.academia.edu/37495011/Pan_Africanism_Globalisation_and_Regional_Integration_The_Impact_of_Trade_Wars_on_Developing_Nations_RL_Vol._XII_No._303_MMXVIII

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