DAO FEI

Globalisation, the sledgehammer battering Africa – Part One

Globalisation, the sledgehammer battering Africa – Part One

Globalisation and its sidekick, free trade, are sold to us as the ways for African nations to escape their disastrous economic situation, and join the great nations of the world. So when Barclays Bank starts to question it, it becomes fascinating.  it is drawing back to become a Transatlantic (i.e., European/North American business), and is already selling its African operations, as Zimbabweans know. To those that say all developed nations got there via globalisation, this is not entirely true.The world’s richest nation, the USA, was very protectionist until it had built up a strong domestic economy. The economic power of the UK, they say, was entirely built on globalisation – just look at the Commonwealth. That, too, is wrong. Globalisation means free trade both ways with no barriers. What the UK did was take what it wanted from its colonies and use them as a market for its own goods. –The Zimbabwean/

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