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Article
Pragmatism and the Gradual Shift from Dependency to Neoliberalism: The World Bank, African Leaders and Development Policy in Afri
World Development
  • Francis Owusu, Iowa State University
Document Type
Article
Publication Date
10-1-2003
DOI
10.1016/S0305-750X(03)00136-0
Abstract
The long-standing disagreement between the international community and African leaders over an appropriate development strategy has been settled by the World Bank’s Comprehensive Development Framework (CDF) and African leaders’ New Partnership for Africa’s Development (NEPAD). Both documents support neoliberalism and see increased global integration as the key to Africa’s development. This paper traces Africa’s journey from the dependency/neoliberalism debate in the early 1980s to the current endorsement of neoliberalism. It is argued that the overwhelming global attention and support enjoyed by NEPAD derives from its embrace of western development ideas as well as changes in the global political economy that have made reformist ideas more acceptable. NEPAD’s success will however depend on how African leaders and the international community respond to the initiative.
Comments

This manuscript is an article from World Development 31(10) 2003: 1655-1672. doi: 10.1016/S0305-750X(03)00136-0. Posted with permission.

Copyright Owner
Elsevier
Language
en
File Format
application/pdf
Citation Information
Francis Owusu. "Pragmatism and the Gradual Shift from Dependency to Neoliberalism: The World Bank, African Leaders and Development Policy in Afri" World Development Vol. 31 Iss. 10 (2003) p. 1655 - 1672
Available at: http://works.bepress.com/francis_owusu/4/