Africa's economic and social crisis : an overview

Abstract

The Internal structural imbalances of the African economies and the excessive outward orientation of those economies - an outcome of the colonial domination; the inequitable world economic order; faulty national development strategies and approaches; and the poor and inefficient management of the African economies have been the major factors behind the crisis. The crisis, has, however, rapidly escalated and reached a critical level since the early 1980s as a result of the rapidly deteriorating international economic environment; the excessive heavy, debt burden of African countries; and the severe persistent and widespread drought