World Bank Policy Schizophrenia In Africa: Sometimes Dependent, Sometimes Independent

While we live in an international political economy, the nation-states of the world have more or less autonomy in setting their own economic policies. All countries living in what world-systems theorists call “the periphery” have least control over their nation-states. Because of previous colonization without reparation, these states are in debt. In order to get out of debt they must ask forĀ  loans that the IMF and the World Bank give in the form of western nationsĀ  “investing” in Africa. But the World Bank ignores the looting by the western investment firms and treats African states’ wealth as if they were autonomous nations who are not being looted.

Read in Global Research

Image from The Herland Report

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