Tag: African development

NOVANEWS WTO William Gumede The rules, institutions and operations of global markets, unchanged since the end of formal colonialism, are among the greatest obstacles to the development of African countries. Global market rules are either in favour of, or are frequently bent to benefit industrial countries. Or, to put it differently, more restrictive market rules are often applied to African countries while industrial countries are accorded leeway to implement these in ways that benefit their companies, labour and economies. The first of these is that industrial countries have more power to determine the rules of the market than African and other developing countries. Many industrial countries following the 2007/2008 global and Eurozone financia...