Economic globalization in Africa : the two sided coin

Abstract EN

Globalization has shrunk the geographical boundaries of the world countries into a global village due to the acceleration in information and communication technology.

The world phenomenon has manifold dimensions: economic, political, social, cultural, and others.

This paper focuses on economic globalization.

It is designed to outline and expose the positive and negative effects of economic globalization on African economy.

Economic globalization has been mixed blessing in Africa.

If the latter thanks globalization for growth in trade and international investment, it can damn it for the risks of instability, debt accumulation, poverty, and marginalization.

This paper further highlights the possibility of finding lasting solutions to the rising problems.