Africa and the challenges of globalisation: Agenda for action

Abstract

As we enter the brave new world of the 21st century, a critical analysis of Africa's position in the globalising world economy with a view to grasping fully the policy challenges that lie ahead has become increasingly necessary. To this end, the paper addresses not only the challenges which globalisation poses to Africa; it also draws attention to the general denunciation, in Africa, of the phenomenon of globalisation. It is argued that while Africa cannot resist globalisation, it can at least make adjustments in economic policies that will enable the African countries to achieve gains while conceding losses. Hence an agenda for action has been provided to highlight a number of key areas on which policy should focus attention.