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AEGIS European Conference on African Studies
11 - 14 July 2007
African Studies Centre, Leiden, The Netherlands
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The marginalisation of African capitalism in the New Scramble
| Panel |
50. The new scramble for Africa
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| Paper ID | 777 |
| Author(s) |
Southall, Roger Jonathan
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| Paper |
No paper submitted
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| Abstract | The paper examines the limited role of an African capitalist class against the background of the historical development of African capitalism, African Economic Performance and the New Scramble for Africa, Economic Reform and African Capitalism. It is argued that African participation in the new scramble is defined by the nature of state, international institutional and large scale capitals role in the new scramble; the arrival of South African capital as a major African player; the opening up of the telecommunication sector; and informalised participation in mining. The conclusion is that on the whole the new scramble is reinforcing existing patterns of political and economic domination, the principal exception being the arrival of South African capital. In this context, African participation in the scramble remains heavily dependent upon state capital, the only form of African capital which is able to muster sufficient resources to be able to participate siginificantly. |
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