{"id":71431,"date":"2020-11-19T09:10:45","date_gmt":"2020-11-19T14:10:45","guid":{"rendered":"https:\/\/newsroom.carleton.ca\/?post_type=cu_story&p=71431"},"modified":"2025-08-19T09:37:18","modified_gmt":"2025-08-19T13:37:18","slug":"african-economy-post-covid-19","status":"publish","type":"cu_story","link":"https:\/\/carleton.ca\/news\/story\/african-economy-post-covid-19\/","title":{"rendered":"How African countries can create a political economy of care post COVID-19"},"content":{"rendered":"\n
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\n How African countries can create a political economy of care post COVID-19\n <\/h1>\n \n <\/header>\n <\/div>\n\n \n <\/path>\n <\/path>\n <\/svg>\n <\/div>\n\n \n\n <\/div>\n<\/section>\n\n

The outbreak of the COVID-19 pandemic has underscored the necessity to rethink the existing economic model informed by capitalist logics of exploitation and profit-making. In many instances, the desire for profit trumps consideration for welfare and the environment.<\/p>\n\n\n\n

In many African countries, exploitation of minerals without beneficiation, or value addition, has contributed to mass poverty<\/a>. This compromises people\u2019s health and ability to cope with the outbreak of a pandemic of the magnitude of COVID-19.<\/p>\n\n\n\n

What emerged poignantly from coping with COVID-19 is the urgent need to think about the welfare of the many, rather than profits and consumerism. An economy of welfare considers the workers, women and other vulnerable groups in the society.<\/p>\n\n\n\n

Capitalism, which extols profit maximisation, needs to make way for social capitalism. This would give living wages for workers and care for the environment are given higher priority. Failure to rethink the current model will accentuate poverty and inequality. This, in turn, will make people more vulnerable to global shocks that may result from future pandemics.<\/p>\n\n\n\n

More than any region of the world, Africa remains the epicentre of poverty<\/a>. This, while corporations exploit its resources and political elites misappropriate its wealth. The COVID-19 pandemic has made urgent the need to move away from the economy of exploitation to one of welfare, which puts people first.<\/p>\n\n\n\n

The continued entrapment of African countries in the global circuit of capital and its proclivity to large scale accumulation imperils the ability of many to cope with the pandemic. This reality prompted research that culminated in the Palgrave Handbook of African Political Economy<\/a> edited by Samuel Ojo Oloruntoba and Toyin Falola.<\/p>\n\n\n\n

The handbook illuminates a lively debate on how the past feeds into the present, shaping the political economy of African countries. And it looks at how they could be changed in a way that also values lives, not just profits.<\/p>\n\n\n\n

The various chapters cover different aspects of African political economy \u2013 in the past and in the present. Conclusions are not the same. But a central argument is the need for structural transformation of economies through value addition to natural resources such as minerals and metals, oil and gas. They also highlight the importance of self-reliance, regional integration and a more nuanced state involvement. <\/p>\n\n\n\n

This should go beyond creating the enabling environment for productive enterprises. It should also ensure distribution in ways that foster inclusive development. <\/p>\n\n\n\n

Revisiting historical ideas<\/h2>\n\n\n\n

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The project enabled a new generation of scholars to revisit the historical ideas of a range of writers. These included Frantz Fanon<\/a>, Samir Amin<\/a>, Walter Rodney<\/a>, Kwame Nkrumah<\/a>, Thandika Mkandawire<\/a>, Claude Ake<\/a>, Bade Onimode<\/a> and Amilcar Cabral<\/a>. The scholars explain the problematic way in which Africa was brought into the global circuit of power and capitalist economy. These were combined with the thoughts of
\na younger generation of scholars. <\/p>\n\n\n\n

Ndlovu-Gatsheni outlined four moments of the rampaging global capital. <\/p>\n\n\n\n

These are <\/p>\n\n\n\n