International Economy Order and Developing Nations: A study of African Nations

Abstract

This study explores the impact of emerging global powers, particularly China and India, on Africa’s economic landscape, focusing on whether these partnerships present opportunities for economic sovereignty or contribute to continued dependency. The study aims to assess the role of these powers in shaping Africa’s position in the global economic system and the implications for Africa’s development. The research is anchored in Dependency Theory, which posits that Africa’s underdevelopment is due to its historical and ongoing economic reliance on external powers. A qualitative approach was adopted, with data sourced from secondary literature, including academic articles, books, and official reports. The findings revealed that while China and India’s investments in infrastructure, trade, and social development provide significant opportunities for Africa, they also reinforce dependency. China’s extensive infrastructure projects have addressed critical gaps but often come with concerns over the control of local resources and the influx of foreign labour. India’s soft power approach, focusing on health and education, has enhanced social capital but has limited economic transformation. Furthermore, both countries have contributed to Africa’s economic growth, yet the partnerships have not fully liberated the continent from dependency. The study concludes that while emerging powers offer Africa valuable opportunities, these relationships must be managed strategically to avoid reinforcing dependency. African nations should leverage these partnerships to build capacity, diversify economic relations, and develop local industries. Recommendations include: 1) Diversifying economic partnerships to reduce over-reliance on China and India. 2) Enhancing local capacity building to ensure that African workers benefit from foreign investments. 3) Strengthening regional integration through initiatives like the African Continental Free Trade Area (AfCFTA) to foster sustainable economic growth and improve collective bargaining power.