GLOBALISATION AND ITS IMPACT ON THE DEVELOPMENT AND UNDERDEVELOPMENT OF AFRICA – International Journal of Research in Education Humanities and Commerce

GLOBALISATION AND ITS IMPACT ON THE DEVELOPMENT AND UNDERDEVELOPMENT OF AFRICA

Author: Atsede Geta Belete

ABSTRACT

Globalisation, a recent phenomenon, presents many opportunities for nations to integrate into the emerging global capitalist order. It facilitates advancements in science and technology, the information revolution, and the expansion of the global market. While it remains a challenge for Africa, the potential benefits it offers are significant and promising. However, these benefits can only be realised if managed carefully. This underscores the crucial role of strategic decision-making in Africa’s development in the era of globalisation. This paper reviews the literature on the topic and consults theories of Dependency and Interdependency to understand and analyse the impact of globalisation on African development.

Keywords: Africa, Globalisation, Impact, Development, Underdevelopment

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