GLOBALISATION IN AFRICA

Economic Opportunities Of Globalisation In Africa: The Democratic Republic Of Congo Post-Conflict Case

Abstract

The DRC has gradually been appearing from a long time span of political volatility and violence. Poor financial administration, exacerbated by recurring political crises, has harshly hindered the country's financial development and has guarded financial flexibility to the smallest free level.

The DRC tallies somewhat well in fiscal flexibility and government dimensions, but much financial undertaking is shackled by feeble institutional capability that falls short to support the sustainable development of a dynamic personal sector. Because levy regulations are enforced randomly, numerous persons and enterprises have moved to the casual part, which anecdotes for more than 80 per hundred of financial activity. This paper discusses the Economic opportunities of globalisation in Africa, giving special emphasis on the Democratic Republic of Congo.

Table Of Contents

Abstractii

CHAPTER 1: Analysis of globalisation4

1.1. Concept of globalisation or theory basics of globalisation4

1.2. Globalisation and development10

1.3. The impact of globalisation in Africa15

CHAPTER 2: DRC Economic Characteristics29

CHAPTER 3: Institutional Order And Regional Politic45

3.1. The Role Of The State45

3.2. New Stakeholders56

3.3. Regionalisation61

CHAPTER 4: Economic Opportunities65

CHAPTER 5: Development Strategy78

CONCLUSION82

References85

CHAPTER 1: Analysis of globalisation This section will discuss the globalisation and its impact on Africa.

1.1. Concept of globalisation or theory basics of globalisation

Nowadays globalization is present in many aspects or activities we realised, so we are familiarized to it in many different ways and we sometimes do not even realise it. Another fact is that globalization has become one of the most revolution movements of the recent world history. Moreover, globalization as a general concept has been supported by telecommunications which have increase the importance of it, especially internet and also mobile phones. However it presents several problems which causes people would be against this global process, anti-globalization process is a well-known movement that sets the trend to these people who are in disagreeing with it. Some examples of these problems are that countries could lose their culture identity, international, terrorism, mafia organizations, loss of employment, etc. The first part of this essay will be aimed towards understanding the concept of globalization and the major part of the essay will analyze the various advantages and disadvantages that arise as a result of globalization.

First of all and in order to know what Globalization is, a typical definition can be taken from the International Monetary Fund, which defines globalization 'as the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology'. However and according to a point of view of the transformationalist thesis, defines globalization 'primarily as a social phenomenon that has brought qualitative changes in all cross-border transactions' (Hoogvelt, 2001: 121). On the other hand, it should be known that the term Globalization can be understood as many different meanings, it depends on the context spoken, such as economic, social, cultural, technological and political anyway these definitions are closely linked. Globalization emerged strongly after the World War II when Governments ...