Affiliation:
1. Marmara University
2. ISTANBUL COMMERCE UNIVERSITY
Abstract
Using Africa’s experience during the 2008 global financial crisis and COVID-19 pandemic, this study explores how the peripheral positions of Africa in global governance has disproportionately exposed the continent to inordinate impacts of global crises and argues for an increased role for Africa in global governance. A common Africa position premised on the AU is advanced as capable of providing the continent with adequate impetus to shape global affairs by espousing unified position of Africa in multilateral platforms. This study reiterates that developing such an expanded role that can shape global responses to issues such as reforms in the UNSC, international aid regime, climate change, debt management, global trade, and global economic governance, the continent should adopt common position and leverage its continental frameworks such as AfCFTA and the AfDB to unlock its economic capacity which is the foundation upon which contemporary political influence in global affairs is premised.
Subject
General Economics, Econometrics and Finance
Reference52 articles.
1. Achoki, T., Alam, U., Were, L., Gebremedhin, T., Senkubuge, F., Lesego, A., ... & Kinfu, Y. (2020). COVID-19 pandemic in the African continent: forecasts of cumulative cases, new infections, and mortality. MedRxiv.
2. Akhmadeev, R. G., Bykanova, O. A., Philippova, N. V., Vashchekina, I. V., & Turishcheva, T. B. (2018). Macroeconomic Indicators and their Impact on the Foreign Debt Burden: The Case of BRICS Countries. International Journal of Economics & Business Administration (IJEBA), 6(2), 68-82.
3. Anyanwu, O. J. (2011). The impact of the global financial crisis on sub-Saharan Africa. Pepperdine Policy Review, 4(1), 6.
4. Bargain, O., & Aminjonov, U. (2021). Poverty and COVID-19 in Africa and Latin America. World development, 142, 105422.
5. Brealey, R. (2009). Impact of the crisis on African economies-sustaining growth and poverty reduction. African Perspectives and Recommendations to the G20. Abidjan.