"Globalisation in Africa is manifest in the neoliberal economic and political packages, centering around trade liberalisation, privatisation of national assets and resources, commodification of social services and marketisation of goods and services, both tangible and intangible. In sum, the underlying thrust of neoliberal and globalised development ‘discourse’ is for a deeper integration of African economies into global capital and market circuits, without fundamental transformation. It is predicated on private capital, which in Africa translates into foreign private capital, as the ‘engine of growth’. It centres on economic growth, without questioning whether growth necessarily translates into development. It banishes issues of equality and equity to the realm of rights, not development."
Issa G. Shivji

January 1, 1970

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Original Language: English

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pp. 23-24

https://en.wikiquote.org/wiki/Issa_G._Shivji