ECONOMIC AND MONETARY SOVEREIGNTY IN 21ST CENTURY AFRICA, foreword by Prabhat Patnaik

318pp., paperback, Pluto Press, London, 2022

ISBN: 9780745344072

A collection of papers on the recent history of African monetary and financial dependencies, and how African societies have attempted to increase their policy influence and move beyond neoliberal orthodoxy and US-dollar dependency.

Contributions include:

"China’s Finance and Africa’s Economic and Monetary Sovereignty" by Radhika Desai

"Geopolitics of Finance in Africa: Birth of financial centres, not monetary unions" by Elizabeth Cobbett

"The Great Paradox: Liberalism Destroys the Market Economy: The pitfalls of the neoliberal recipe for African economic and monetary sovereignty" by Heiner Flassbeck

"Being Poor in the Current Monetary System: Implications of foreign exchange shortage for African economies and possible solutions" by Anne Löscher

"A powerful addition to a growing body of work aimed at enhancing our understanding of the ways in which, through the vector of finance, a transnational power regime controls the key levers of policy-making in Africa and undermines efforts at winning economic sovereignty. Readers will also find in the book, plenty of ideas for mobilizing alternatives for reversing the programmed reproduction of dependence and underdevelopment." Adebayo O. Olukoshi, Distinguished Professor, Wits School of Governance

"A fresh and innovative view on Africa's entanglement in the world's financial and monetary system. Its point of departure - that Africa has long been a part of global finance - is absolutely necessary if we are to understand the future trajectory of Africa's political economy" Randall Germain, Professor of Political Science, Carleton University

Maha Ben Gadha is Economic Programme Manager at the North Africa office of the Rosa Luxemburg Foundation.

Fadhel Kaboub is Associate Professor of Economics at Denison University and President of the Global Institute for Sustainable Prosperity.

Kai Koddenbrock is a political economist at Africa Multiple Cluster of Excellence at the University of Bayreuth.

Ines Mahmoud is Economic Programme Manager at the North Africa office of the Rosa Luxemburg Foundation.

Senegalese development economist Ndongo Samba Sylla is Programme manager at the West Africa office of the Rosa Luxemburg Foundation. He is the co-author ofAfrica’s Last Colonial Currency: The CFA Franc Story and author of The Fair Trade Scandal.