Africa and the Global Economic and Financial Crisis

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World Review of Political Economy

Volume 7, Issue 2

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Africa and the Global Economic and Financial Crisis

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Author(s): Iwebunor Okwechime , Joshua Tavershima Yange , Ayodeji Anthony Aduloju

Publication date (Print): Summer 2016

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: Africa, economic recession, dependency, development, capitalism

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Author and article information

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Journal ID (doi): 10.13169

Journal ID (publisher-id): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

ISSN (Electronic): 20428928

Publication date (Print): Summer 2016

Volume: 7

Issue: 2

Pages: 208-225

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Publisher ID: worlrevipoliecon.7.2.0208

DOI: 10.13169/worlrevipoliecon.7.2.0208

SO-VID: f3db1318-ce94-485e-9478-6706d9583bf0

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References

Aduloju, A. A., and O. O. Pratt. 2014. “Human Security and Developmental Crisis in the Contemporary West Africa.” Journal of Human Security 10 (2): 46–58.
AfDB (African Development Bank). 2009. “AfDB Response to Financial Crisis Economic Impact.” March 5. Accessed July 20, 2015. http://www.afdb.org/en/news-and-events/article/afdb-response-to-financial-crisis-economic-impact-4362/.
AfDB (African Development Bank). 2010. “Africa's Voice and Financier: The New Role of the African Development Fund in the Changing Aid Architecture.” Accessed July 20, 2015. http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/AFDB%20aid%20architecture%20lowres%20031010.pdf.
Africa Progress Panel. 2009. “An Agenda for Progress at a Time of Global Crisis: A Call for African Leadership.” June 10. Accessed July 20, 2015. http://africaprogresspanel.org/wp-content/uploads/2013/08/2009_APR_An_Agenda_for_Progress_at_a_Time_of_Global_Crisis_10062009_ENG.pdf.
Alexis, A., A. W. Martin, and C. J. Vivian. 2010. “The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses.” CRS Report for Congress. Accessed July 20, 2015. https://www.fas.org/sgp/crs/row/R40778.pdf.
Cockcroft, J. D., G. F. Andre, and L. J. Dale. 1972. Dependence and Underdevelopment . New York: Anchor Book.
Economic Intelligence Unit. 2009. “Sub-Saharan Africa Politics: Submerging Markets.” April 14.
European Union Economic and Financial Affairs. 2009. “Economic Crisis in Europe: Causes, Consequences and Responses.” May 25. Accessed October 10, 2015. http://ec.europa.eu/economy_finance/publications/publication15887_en.pdf.
Ferraro, V. 2008. “Dependency Theory: An Introduction.” In The Development Economics Reader , edited by S. Giorgio, 58–64. London: Routledge.
Group of 8. 2009. “Responsible Leadership for a Sustainable Future.” Group of 8, Italy, July 2009. Accessed July 10, 2015. http://www.g8italia2009.it/static/G8_Allegato/G8_Declaration_08_07_09_final,0.pdf.
IMF (International Monetary Fund). 2009a. “The IMF Response to the Global Financial Crisis: Meeting the Needs of Low-Income Countries.” July 29. Accessed July 20, 2015. https://www.imf.org/external/np/lic/2009/pdf/072909.pdf.
IMF (International Monetary Fund). 2009b. “Regional Economic Outlook: Sub-Saharan Africa.” April 2009. Accessed July 20, 2015. http://www.imf.org/external/pubs/ft/weo/2009/01/pdf/text.pdf.
IMF (International Monetary Fund). 2009c. “Regional Economic Outlook: Sub-Saharan Africa.” October 2009. Accessed July 20, 2015. https://www.imf.org/external/pubs/ft/reo/2009/AFR/eng/sreo1009.pdf.
James, C., and A. Olu. 2012. Political Ideas: An Introduction . 2nd ed. Lagos: Mac Grace Publishers.
Jeffrey, F. 2009. “A Crisis of Politics, Not Economics: Complexity, Ignorance, and Policy Failure.” Critical Review 21 (2): 127–83.
Ratha, D., and S. Mohapatra. 2009. “World Bank Revised Outlook for Remittance Flows 2009–2011.” March 23. Accessed July 20, 2015. http://pubdocs.worldbank.org/pubdocs/public-doc/2015/10/946961444756849061/MD-Brief9-Mar2009.pdf.
Rodney, W. 1972. How Europe Underdeveloped Africa . Nigeria: Panaf.
Sanford, J. E., and M. A. Weiss. 2004. “International Monetary Fund: Organization, Functions, and Role in the International Economy.” Accessed July 20, 2015. http://dx.doi.org/10.2139/ssrn.540482.
Sudan, F. K. 2011. “Impact of Global Economic Crisis on African Countries: Policy Response and Options.” International Journal of Afro-Asian Studies 2 (2): 3–16.
UNESC/ECA (United Nations Economic and Social Council and Economic Commission for Africa). 2009. “The Global Financial Crisis: Impact, Responses and Way Forward.” Accessed October 10, 2015. http://www.un.org/esa/ffd/events/2010GAWGFC/3/paper2.pdf.

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[1] Aduloju, A. A., and O. O. Pratt. 2014. “Human Security and Developmental Crisis in the Contemporary West Africa.” Journal of Human Security 10 (2): 46–58.

[2] AfDB (African Development Bank). 2009. “AfDB Response to Financial Crisis Economic Impact.” March 5. Accessed July 20, 2015. http://www.afdb.org/en/news-and-events/article/afdb-response-to-financial-crisis-economic-impact-4362/.

[3] AfDB (African Development Bank). 2010. “Africa's Voice and Financier: The New Role of the African Development Fund in the Changing Aid Architecture.” Accessed July 20, 2015. http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/AFDB%20aid%20architecture%20lowres%20031010.pdf.

[4] Africa Progress Panel. 2009. “An Agenda for Progress at a Time of Global Crisis: A Call for African Leadership.” June 10. Accessed July 20, 2015. http://africaprogresspanel.org/wp-content/uploads/2013/08/2009_APR_An_Agenda_for_Progress_at_a_Time_of_Global_Crisis_10062009_ENG.pdf.

[5] Alexis, A., A. W. Martin, and C. J. Vivian. 2010. “The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses.” CRS Report for Congress. Accessed July 20, 2015. https://www.fas.org/sgp/crs/row/R40778.pdf.

[6] Cockcroft, J. D., G. F. Andre, and L. J. Dale. 1972. Dependence and Underdevelopment . New York: Anchor Book.

[7] Economic Intelligence Unit. 2009. “Sub-Saharan Africa Politics: Submerging Markets.” April 14.

[8] European Union Economic and Financial Affairs. 2009. “Economic Crisis in Europe: Causes, Consequences and Responses.” May 25. Accessed October 10, 2015. http://ec.europa.eu/economy_finance/publications/publication15887_en.pdf.

[9] Ferraro, V. 2008. “Dependency Theory: An Introduction.” In The Development Economics Reader , edited by S. Giorgio, 58–64. London: Routledge.

[10] Group of 8. 2009. “Responsible Leadership for a Sustainable Future.” Group of 8, Italy, July 2009. Accessed July 10, 2015. http://www.g8italia2009.it/static/G8_Allegato/G8_Declaration_08_07_09_final,0.pdf.

[11] IMF (International Monetary Fund). 2009a. “The IMF Response to the Global Financial Crisis: Meeting the Needs of Low-Income Countries.” July 29. Accessed July 20, 2015. https://www.imf.org/external/np/lic/2009/pdf/072909.pdf.

[12] IMF (International Monetary Fund). 2009b. “Regional Economic Outlook: Sub-Saharan Africa.” April 2009. Accessed July 20, 2015. http://www.imf.org/external/pubs/ft/weo/2009/01/pdf/text.pdf.

[13] IMF (International Monetary Fund). 2009c. “Regional Economic Outlook: Sub-Saharan Africa.” October 2009. Accessed July 20, 2015. https://www.imf.org/external/pubs/ft/reo/2009/AFR/eng/sreo1009.pdf.

[14] James, C., and A. Olu. 2012. Political Ideas: An Introduction . 2nd ed. Lagos: Mac Grace Publishers.

[15] Jeffrey, F. 2009. “A Crisis of Politics, Not Economics: Complexity, Ignorance, and Policy Failure.” Critical Review 21 (2): 127–83.

[16] Ratha, D., and S. Mohapatra. 2009. “World Bank Revised Outlook for Remittance Flows 2009–2011.” March 23. Accessed July 20, 2015. http://pubdocs.worldbank.org/pubdocs/public-doc/2015/10/946961444756849061/MD-Brief9-Mar2009.pdf.

[17] Rodney, W. 1972. How Europe Underdeveloped Africa . Nigeria: Panaf.

[18] Sanford, J. E., and M. A. Weiss. 2004. “International Monetary Fund: Organization, Functions, and Role in the International Economy.” Accessed July 20, 2015. http://dx.doi.org/10.2139/ssrn.540482.

[19] Sudan, F. K. 2011. “Impact of Global Economic Crisis on African Countries: Policy Response and Options.” International Journal of Afro-Asian Studies 2 (2): 3–16.

[20] UNESC/ECA (United Nations Economic and Social Council and Economic Commission for Africa). 2009. “The Global Financial Crisis: Impact, Responses and Way Forward.” Accessed October 10, 2015. http://www.un.org/esa/ffd/events/2010GAWGFC/3/paper2.pdf.

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