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Reparation or Recolonization: MNCs, Foreign Investors and the New Euro- African Partnership for Development

Folarin, S. F. (2012) Reparation or Recolonization: MNCs, Foreign Investors and the New Euro- African Partnership for Development. Reparation or Recolonization: MNCs, Foreign Investors and the New Euro- African Partnership for Development. pp. 1-29.

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Abstract

The contemporary relationship between Africa and Europe, is not just that between two sovereign and ostensibly equal partners, but also very enormous and significant for the survival of the two continents; quite unlike in the past when it was that of the master and labourer-the labourer providing for the master’s survival-from slavery to colonialism and neo-colonialism: developments that bred deep-seated resentment and racial contempt. This paper takes a critical look at the new intense economic relationship between Europe and sub-Saharan Africa and appraises this with the view of determining whether the developments are new measures to appease Africa for the centuries of plunder, and cement Euro-African relationship; or whether they are just another set of strategies to further create a stranglehold on the continent economically and make it perpetually dependent. Indeed, the paper accomplishes its task by x-raying the influx and intense activities, in Nigeria, of MNCs and foreign investors which, to many Third World scholars, are effective instruments of neo-colonization. The paper looks at the implications of the new relationships for national development and concludes that the European presence is for meaningful partnership, but at the same time exploitative. The relationship has however increased the Nigerian government’s confidence in European business in Africa. But has it done the same for an average Nigerian, has it erased the horrific memories of the African past?

Item Type: Article
Subjects: J Political Science > JA Political science (General)
J Political Science > JZ International relations
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Solomon Bayoko
Date Deposited: 08 Jan 2015 16:08
Last Modified: 22 Jan 2016 12:20
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3257

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