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Development by Markets: An Essay on the Continuities of Colonial Development and Racism in Africa

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Race in the Marketplace

Abstract

As the capitalist firm has assumed more power in global affairs, the concept and practice of development have shifted from its colonial dependency on the nation-state to the firm. The resulting paradigm calls for development strategies that provide the multinational corporation with access into heretofore inaccessible markets, especially in Africa. In this paper, I examine this new concept of development within the context of its colonial heritage and attendant racism. I conclude that this new approach harbors colonial ideologies related to visions of African inferiority that have found residence in development practice. This suggests a perpetual cycle of dependence of the poor nations on the rich, a situation that does not portend well for the next generation of Africans. Looking into the future, I note the need for a truly post-colonial African development concept that would build bridges across races to facilitate the well-being of all, including the marginalized. Such development would avoid all colonial inclinations and seek total emancipation from racism and other colonial ills.

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Correspondence to Samuel Kwaku Bonsu .

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Bonsu, S.K. (2019). Development by Markets: An Essay on the Continuities of Colonial Development and Racism in Africa. In: Johnson, G., Thomas, K., Harrison, A., Grier, S. (eds) Race in the Marketplace. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-11711-5_16

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