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What is Commodity Dependency

Chapter 8
Democratization of Africa and Its Impact on the Global Economy
A state where a nation's or region's economy relies heavily on the export of a limited number of primary commodities for a significant proportion of its revenue and foreign exchange.
Published in Chapter:
Decolonizing the Developmental Agenda: A Prerequisite for African Democracy and Governance
Mohamad Zreik (School of International Studies, Sun Yat-sen University, China)
Copyright: © 2024 |Pages: 17
DOI: 10.4018/979-8-3693-0477-8.ch008
Abstract
This chapter examines the colonial legacy, neo-colonial influences, and the fight for democratic government as root reasons of Africa's developmental issues. Institutional responses to these problems are examined, including the African Union (AU), the New Partnership for Africa's Development (NEPAD), and the African Peer Review. A decolonized perspective on development and political will are both emphasized. Relying on Walter Rodney's claims, this chapter stresses the significance of accountable governance, human rights, and civic engagement in addressing Africa's self-underdevelopment.
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