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Economic Justice

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The articles below are the most recent additions to the Economic Justice category of Africa InfoServ. To read an article, click on its title. To see more Economic Justice articles or to search a particular topic, click on Africa Archive. Articles marked with a magnifying glass ( Longer, analytical article. ) are longer, more analytical pieces.

1. Longer, analytical article. International Monetary Fund and the stimulus of destabilization
Author: Michael Dibiaezue Date Written: 17 January 2012
Primary Category: Economic Justice Document Origin: OpEdNews
Secondary Category: Western Region Source URL: http://www.opednews.com/
Key Words: Nigeria, petrol policy, IMF, US, sovereignty

Summary & Comment: Critical analysis of the effects of international policies that govern decision-making in Nigeria. To quote- That fuel subsidy could be so arrogantly removed on New Year day without feeling or recourse to Nigerians or their representatives at the National Assembly, speaks of the fear our leaders harbor for International bankers and the degree of co . . . [expand]
2. Longer, analytical article. Billions siphoned by corruption could have been used to maintain fuel subsidy
Author: Mustapha Muhammad Date Written: 11 January 2012
Primary Category: Economic Justice Document Origin: Inter Press Service
Secondary Category: Western Region Source URL: http://www.ips.org/
Key Words: Nigeria, petrol subsidies, corruption, human rights abuse

Summary & Comment: "Free to those who can afford it, very expensive to those who can’t"... Would be one way of describing the current situation with fuel subsidies in Nigeria. Billions of dollars in potential petrol revenue are lost yearly because of corruption and the state’s lack investment in infrastructure. This state of affairs contributes to the incre . . . [expand]
3. Zimbabwe: Chinese become unwelcome guests
Author: Stanley Kwenda Date Written: 7 January 2012
Primary Category: Economic Justice Document Origin: Inter Press Service Africa
Secondary Category: Zimbabwe Source URL: http://www.ips.org/africa
Key Words: Zimbabwe, China, investment, small businesses, labour,

Summary & Comment: When Zimbabwe was cut off from Western investment he adopted a `Look East’ policy , especially to China, and welcomed trade and investment. Unexpectedly the Chinese not only invested in companies but also started their own businesses, and brought over many of their own people for labour. Thus they entered into competition with local people, and ma . . . [expand]
4. Longer, analytical article. Guinea: Donor assistance will reduce contract non-payment risks despite continued risks of sporadic violence
Author: Exclusive Analysis Date Written: 3 January 2012
Primary Category: Economic Justice Document Origin: African Arguments
Secondary Category: Western Region Source URL: http://africanarguments.org/
Key Words: Guinea, IMF, legislative elections, mining

Summary & Comment: In Guinea, donor payments are linked strongly with successful elections. This overview looks at what is in store for Guinea in the upcoming year. J-P
5. Somalia: US bank move highlights importance of remittances
Author: IRIN Date Written: 27 December 2011
Primary Category: Economic Justice Document Origin: IRIN
Secondary Category: Eastern Region Source URL: http://www.irinnews.org/
Key Words: economy, hawala, diaspora, famine

Summary & Comment: Remittances sent home to Somalia by the diaspora are far more effective than support through most aid agencies for the simple reason that money is delivered immediately where it is needed. However, blocking this flow of money also has an immediate, and negative, effect in a region that needs all the help it can get. If more banks follow the lead of . . . [expand]
6. Longer, analytical article. Measuring African capital flight
Author: Léonce Ndikumana & James K. Boyce Date Written: 17 December 2011
Primary Category: Economic Justice Document Origin: Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent.
Secondary Category: Africa General Source URL: http://www.africafocus.org
Key Words: African GDP, capital flight, tax havens, odious debt

Summary & Comment: From AfricaFocus bulletin: "The magnitude of African capital flight is staggering both in absolute monetary values and relative to GDP. For the thirty-three sub-Saharan African countries for which we have data, we find that more than $700 billion fled the continent between 1970 and 2008. If this capital was invested abroad and earned interest . . . [expand]
7. Longer, analytical article. Foreign energy policy fuels famine in Africa
Author: Pambazuka News Date Written: 8 December 2011
Primary Category: Economic Justice Document Origin: Pambazuka News, Issue 562
Secondary Category: Food and Land Source URL: http://www.pambazuka.org/
Key Words: Land grab, energy, agrofuel, exploitation

Summary & Comment: Pambazuka News speaks to Oakland Institute about the findings of their latest round of in-depth research into land grabs in Africa, from the role played by the energy policies of rich countries and the World Bank to the dangers of a development agenda that fails to heed the negative social, economic and environmental impacts of industrial agrofuel . . . [expand]

Complete List of InfoServ and Ezine Articles from Economic Justice