TY - BOOK ID - 1650576 TI - Looting Africa: the economics of exploitation PY - 2006 SN - 1842778110 9781842778111 1842778129 9781842778128 1869140958 1848137281 1780327005 9786611215644 1848130716 1281215643 PB - London Zed DB - UniCat KW - Third World: economic development problems KW - Africa KW - Globalization KW - Economic aspects KW - Social aspects KW - Political aspects KW - Foreign economic relations KW - Economic conditions KW - Social Sciences and Humanities. Economics KW - Economic Conditions, Development and Structure KW - Foreign economic relations. KW - Economic Conditions, Development and Structure. KW - Developing countries: economic development problems KW - Globalization - Economic aspects - Africa KW - Globalization - Social aspects - Africa KW - Globalization - Political aspects - Africa KW - Africa - Foreign economic relations KW - Africa - Economic conditions - 1960 KW - -Developing countries: economic development problems UR - https://www.unicat.be/uniCat?func=search&query=sysid:1650576 AB - Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission, the G7 finance ministers' debt relief, the Live 8 concerts, the Make Poverty History campaign and the G8 Gleneagles promises, to the United Nations 2005 summit and the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the "mistakes" of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy. ER -