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Theory Ipe
Theory Ipe
In the context of the AfCFTA, Dependency Theory can provide a lens through
which to understand the historical and ongoing economic relationships between
African countries and their former colonial powers. The theory emphasizes how
colonialism established economic structures that perpetuated the exploitation of
African resources and hindered their industrialization and self-sufficiency.
Dependency Theory posits that colonial powers, through their extractive economic
policies, ensured that African countries remained dependent on the export of raw
materials and commodities, while importing manufactured goods from the
colonizers. This created a pattern of economic dependence and limited African
countries' ability to develop diversified and self-sustaining economies.