Globalization in Africa
This is in terms of the quality of the goods as well as the services. Thus, there is the creation of infrastructure and network that allows for efficient competition in the worldwide market which is increasingly homogeneous. Therefore, globalization is something that is ongoing and owing to the technological advancements, globalization is evident in every day life in the world.
For instance, in the developing countries and on most of the continent of Africa, globalization has been characterized by imbalances. In these countries, these imbalances have impeded the process of development and also led to the aggravation of poverty. This marginalization that exists in these countries can be shown in the way the own a small share in the world trade and foreign investments.
However, despite the fact that at times Africa experiences an international environment that is not favorable, it has recorded some rates of growth. African countries thus work towards the control of their inflation rates and also increase the per capita. Though Africa still lags behind in globalization, they can increase their integration in the world economy and this can be achieved by making accelerations on reforms.
For instance, Africa can create the best conditions through which private investment thrives and this can be through the promotion of trade both foreign and domestic (Ikeme, 1999). By redefining the role that the state performs, the economies of the African states can also become better. This is because it leads to improvement in the climate of business and transparency which encourages more private investment.
By increasing their integration in the world economy, Africa benefits a lot. For instance, by both domestic and foreign trade, the continent and specific countries will gain a lot of revenue. This is essential because it helps in the improvement of the countryâ€™s economy. Transparency in the African countries can also be enhanced following globalization. Where there is transparent management and leadership, the economy is bound to be better. For instance, through globalization, the African countries are become close to the other continents and the entire world.
Therefore, there is greater monitoring from the international community thus resulting to better governance and the reduction of evils that the governments can do on the citizens for example corruption. This way, the resources in the country are better managed. With good governance, there would also be increased chances of other countries and continents involving in trade with the African countries and thus increasing their income.
For development in any nation, education is very essential. In Africa, one of the drawbacks to growth is poor education. This can however be improved through globalization and being open to the policies of the free market. By playing significantly in this market, there would be a great positive effect on the education systems and levels in Africa. This can be attributed to the revenues that the African countries would get and thereby help in financing their education systems.
Further, globalization results to advancements in technology. This way therefore, there would be the integration of technology in classroom teaching and this improves the education of the country. This also prepares the learners to be fit in the future markets (Prempeh, Mensah, & Adjibolosoo, 2004).
Social cohesion increases following the process of globalization. Due to the exchanges that go in the market, the countries would better their relations and also the relations with the international community. For example, with the availability of increased resources, there would also be lower rates of exchange for the local currencies. Therefore, this also helps in boosting the economy.
With the good relations that would be established as a result of globalization, the international world would help in the development of the African continent. For example, they can offer advice on trade and also governance which is a great determinant in the way a country performs. Globalization fosters business co-dependence and treaties of trade. This can result to huge changes in the social, economic and political set ups in the continent of Africa.
This is because globalization also involves the government and other international organizations (Yusuf, Evenett & Wu, 2001). An example of the international organization that relate to the world trade and globalization is the World Trade Organization. These are organizations which create laws and enforce them on the states. Therefore, the outlook of the governments in the individual nations will change due to the laws of these international bodies which are created because of globalization.
Globalization results to interdependence. However, this interdependence is not symmetrical. This means that the benefits that come with linking to the global markets and the costs associated with de-linking are not distributed in an equal manner. For instance, for the countries that are industrialized and these include the United States, Japan and European Union, their relations with each other are interdependent. On the other hand, in economic relations, the developing countries are independent from each other and dependent on the countries that are industrialized.
According to Rena (2008) reporting on a 2005 panel of organization international labor, the problems that the developing countries face are not solely because of globalization but the deficiencies that exist in their governance. Africa suffers from the inequality of globalization. For the last 20 years, forty among the poorest nations in the world, most of which are found in Africa have experienced no growth. Many people in these countries put up with poverty though their governments have used the advice offered to them by the wealthy countries and the consultants from the World Bank.
Due to this poverty, the people in Africa suffer greatly. They are used as a means of providing cheap labor in the wealthy nations. Thus, there is a growing gap between the poor and the rich. Though the global market is rapidly growing, it does not lead to a development that is parallel both socially and economically. This has further led to the protection of property and capital rights more than the labor rights. Thus, the finance and trade global rules can be said to be unfair in that they lead to the creation of effects that are asymmetric when comparing the industrialized and developing countries.
Globalization can be seen as a liability for the continent of Africa. Politically it has led to sovereignty being eroded. This is because of the development policies and strategies that have been imposed on African countries by the World Trade Organization, the World Bank as well as the international monetary fund (Addis Ababa, 2002).
Further, this has resulted to less people participating in the political and social lives within their countries. Globalization also results to domination of culture from outside. Africans have a rich culture but globalization leads to the rapid loss of the cultural identity. Because of the advances in technology that come with globalization, Africa continues to have greater levels of unemployment as well as poverty.
For instance, the states in Africa deserve respect and should thus be accorded this respect. This way, globalization will be beneficiary to the entire countries world wide. Therefore, the negative effects for example dependence on developed countries which is evident in Africa will also be minimized.
Addis Ababa, (2002). The challenges of globalization in Africa. Retrieved on February 25, 2011 from: http://unpan1.un.org/intradoc/groups/public/documents/CAFRAD/UNPAN008264.pdf.
Daouas, M. (2001). Africa Faces Challenges of Globalization. Retrieved on February 24, 2011 from: http://www.imf.org/external/pubs/ft/fandd/2001/12/daouas.htm.
Ikeme, J. (1999). Sustainable Development, Globalization and Africa: Plugging the holes. Retrieved on February 25, 2011 from: http://www.afbis.com/analysis/Jekwu.html.
Prempeh, K.E.O., Mensah, J. & Adjibolosoo, S.K. (2004). Globalization and the human factor: critical insights Ashgate Publishing, Ltd.
Rena, R. (2008). Globalization still hurting poor nations. Retrieved on February 25, 2011 from: http://www.africaeconomicanalysis.org/articles/gen/globalisation_0507.html.
Yusuf, S., Evenett, S.J. & Wu, W. (2001). World Bank e-Library: Facets of globalization: international and local dimensions of development. Vol 415. World Bank Publications.
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