Africa: Living on the Fringe

Authors

  • Samir Amin

DOI:

https://doi.org/10.14452/MR-053-10-2002-03_4

Keywords:

Political Economy

Abstract

Let us consider first some facts which are hardly mentioned by the incense-bearers of globalization. In 1990, the ratio of extra-regional trade to GDP for Africa was 45.6 percent while it was only 12.8 percent for Europe; 13.2 percent for North America; 23.7 percent for Latin America; and 15.2 percent for Asia. These ratios were not significantly different throughout the twentieth century. The average for the world was 14.9 percent in 1928 and 16.1 percent in 1990.

Published

2002-03-04

Issue

Section

Articles