African Financial Independence is a Threat to the Status Quo and not a Pipedream.

African Financial Independence is a Threat to Imperialism

The deeper issues are usually traced to colonial economic interactions and the introduction of capitalism in developing countries. There were concerted efforts to build and maintain economic relations, in which the colonies were made into permanent producers of raw materials to satisfy the requirements of metropolitan countries. The established links between the producers and the colonial metropoles meant that colonies became dependent on other countries to purchase and dictate the prices of products. Colonies, as a result, were left without the infrastructure to process the raw materials and only purchased ready-made goods from the associated colonial power. The result was that colonies produced what they did not consume and consumed what they did not produce. . . .

South-South Cooperation 2020: Soul Searching Day for Africa

Forty-two years after the adoption of the Buenos Aires Plan of action for promoting and implementing technical cooperation among countries of the global south, some progress has been made, but there is so much that needs to be done, especially in Africa. Historically, the global south has been the source for most of the resources and materials that have been used to develop and sustain the economies of the industrialized global north. The consequence of this being the global south remaining in an underdeveloped or developing state, while societal benefits go almost exclusively to countries in the northern hemisphere.  Forty-two . . .