The 3rd Scramble for Africa
Ultimate Frontier for Global Economic Governance Supremacy
Public Lecture - RL Vol. XII No
121 MMIXX
Costantinos
Berhutesfa Costantinos, PhD
Former Chairperson of the AU Anti-Corruption
Advisory Board &
Professor of Public Policy & Sustainable
Institutional Reforms
Abstract
The lecture focuses on the challenges posed by
Africa in the third scramble for its resources coming right after colonialism and the post-colonial Cold War divisions. The statement of challenges stems from “Foreign investment helps countries not only by
applying new technology but also by reorganising the way people work and by
keeping an eye on costs. Few governments do these well, corrupt ones least of
all. In the past, a lack of political will and weak governance has tended to
contribute to the bourgeoning illegal exploitation of natural resources in the
Africa. True, Africa is reaping economic benefit, but there is no doubt that
big power interest in the continent goes beyond mere altruism. Economically,
both private and public sectors of big powers are benefiting from this
relationship.
The research enquiry augurs on the
knowledge gap - challenges posed by
Africa in the third scramble for its resources coming right after colonialism
and the neo-colonial Cold War divisions. What is the new East-West
scramble for Africa? How does this benefit both the scramblers and the scrambled?
What does Africa need to do to be prepared to enhance its negotiating position?
Hence, the paper dwells on the East-West Rivalry, the scaremongering from
Global Economic Governance Agencies, the Chinese move into Africa, the Western Quest
for Africa and how should Africa respond to foreign overtures. The hope for strengthening Africa’s position lies in
the 32nd session of the Assembly of the African Union (Jan 2019) that
endorsed the recommendations of AU Ministers of Trade on Template on
Tariff Liberalisation which was used by Member States in preparing the AfCFTA
Schedules of Tariff Concessions. The main aim of the AfCFTA to
remove import duty on 90% of all goods while identified “sensitive items” which
make up the balance 10% would also be phased out later as tariff free. The
agreement is also meant to liberalise commercial services and also tackle the
so-called “non-tariff barriers” which include extended delays and harassment at
border posts, which hamper trade between African countries. The main opponents to the treaty is Nigeria –
because it believes more jobs will be outsourced to foreign companies, these
agreements usually come with cutting cost on public subsidy, reduced tax on
importation is bad for local industry
Key words: Africa, East-West
Rivalry, China, US, third scramble for Africa,
AfCFTA,
"Whatever Africa’s leadership, choose to be, shouldn’t they have the Zeal,
Commitment, Diligence,
Greatness of Spirit, Consistency and Strength to transform transitional
chaos into Alternative Economic
Opportunities provided that can project Africa on an irreversible global
growth trajectory. "
__________________________________________
See paper here or https://www.academia.edu/39724281/The_3rd_Scramble_for_Africa_Ultimate_Frontier_for_Global_Economic_Governance_Supremacy_RL_Vol._XII_No_121_MMIXX