Financial subordination and uneven financialization in 21st century Africa

Author(s):  
Ingrid Harvold Kvangraven ◽  
Kai Koddenbrock ◽  
Ndongo Samba Sylla

Abstract The financialization debate has not paid enough attention to the African continent. The continent’s populations and governments have found creative ways of dealing with the capitalist world market and political power relations since decolonization in the late 1950s. However, several forms of structural dependence and subordination persist. We ask in this article how the global process of financialization has unfolded across the continent and what it means for relations of dependence. We understand financialization as the global expansion of financial practices, and, in particular, the financial sector, that followed the end of the Bretton Woods era. We consider to what extent it has occurred at all in the four case study countries of Mauritius, Nigeria, Zambia, and South Africa. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process on the continent, not a general structural shift in the way capital accumulation is organized. Rather, where financialization occurred, it appears to have diversified the relations of dependence that states, corporations, and populations have found themselves in.

2021 ◽  
pp. 35-51
Author(s):  
Sarah Kabay

In any country-specific case study, how a country is perceived will influence how the subject of the case is perceived, as well as its broader relevance. In addition, primary education in many ways reflects the society in which it takes place. For these reasons, it is useful to consider the Ugandan context in order to consider its experience with primary education and its position as a case study. This chapter offers some details and background to help frame the Ugandan context, intending to serve as a brief sketch of the issues that define the population of children served by Uganda’s primary education and the factors that influence and define that education. The chapter also includes a basic description of the sample, data, and methods of analysis used in the empirical analysis throughout the book.


2018 ◽  
Vol 10 (4(J)) ◽  
pp. 165-173
Author(s):  
Sanusi K A ◽  
Meyer D F

The study examined the dynamic interaction between government bonds, exchange rate and inflation in South Africa. The study follows a quantitative research method, using monthly time series data from 2007 to 2017 within the framework of a Vector Autoregressive Analysis (VAR). Evidence from the empirical analysis shows that government bond accounts for significant variation in the exchange rate and inflation rate within the study period. The causality test also suggests the presence of uni-directional causal relationships from government bonds to exchange rate, and also to the inflation rate. The principal conclusion that emanates from the empirical analysis is that government bonds are an important policy instrument in the management of the exchange rate and the inflation rate in South Africa. The study recommends that the South African Reserve Bank is a coordinator of government bond and should carry out an in-depth analysis of the economic conditions before issuing the government bonds, taking into account its impeding effects on the exchange rate and inflation rate and many other macroeconomic variables. 


2017 ◽  
Vol 43 (2) ◽  
Author(s):  
Susan Rakoczy

One of the last enactments of the bishops, as the Council of Trent ended in 1563, was to mandate enclosure for all consecrated women. This reflects a prohibition against the first steps toward apostolic, non-cloistered women’s religious life, which was occurring at that time. This article examines some of the various “reformations” of women’s apostolic religious life from the 16th century to the 21st century in South Africa. A case study is presented of Mary Ward’s attempts to found a women’s apostolic congregation and her persecution in the light of Trent’s decree. The initiatives of Francis de Sales and Jeanne Frances de Chantal were also thwarted, but Louise de Marillac and the Daughters of Charity survived. Two significant reformations were the growth of apostolic congregations beginning in the mid-17th century and women’s responses to the theology of the renewal of religious life of Vatican II, including its impact in South Africa. Because women’s religious life came to Africa in Western structures and theology, principles of inculturation which guide the initiatives of making religious life African, are presented. The historical narrative is analysed through the lenses of women’s agency and women’s voice. Although male church authorities consistently tried to limit women’s initiatives to shape new forms of religious life, which frequently caused immense suffering, women’s apostolic religious life has evolved to be a very vibrant part of the life of the Catholic Church, including Africa, in the 21st century


2006 ◽  
Vol 35 (1) ◽  
pp. 1-30 ◽  
Author(s):  
Catherine Emmott ◽  
Anthony J Sanford ◽  
Lorna I Morrow

AbstractThis article brings together researchers from Stylistics and Psychology to study whether text fragmentation, which appears often to be used by writers as a foregrounding device (Mukařovský 1964), is able to capture the attention of readers of narratives. We examine two types of text fragmentation: sentence fragments and mini-paragraphs. Firstly, we study the stylistic functions of fragmentation, including its cumulative use at plot crucial moments and its use for local rhetorical purposes. We then turn to psychological research on depth of processing (e.g. Sanford and Sturt 2002) and introduce a new method of testing, the text change detection method (Sturt at al. 2004). We report an experiment using this method to examine whether text fragments and very short sentences can increase the amount of detail that readers notice in a text, and then discuss the results in relation to potential applications. The work provides both a case study of the empirical analysis of foregrounding devices, and also, more generally, a case study of inter-disciplinary research across the Humanities and Social Sciences.


2016 ◽  
Vol 6 (3) ◽  
Author(s):  
Splagchna Ngoni Chikarara

This paper discusses the challenges faced by Zimbabwean engineers as they strive for professional recognition in South Africa. A case study of Zimbabwean engineers is used as an example to explore how a South African professional association dealt with an inflow of migrant professionals from within the African continent. Data was collected through semi-structured individual and group interviews. The findings reveal that the process to become a licenced professional engineer was ambiguous, highly subjective, unnecessarily long, and complex. Furthermore, the Engineering Council of South Africa’s re-accreditation process under-valued their working experience and educational qualifications. Despite being employed in very senior positions for at least three years at the time of the interviews, the participants in this study were not registered as professional engineers. Thus, I argue that the Engineering Council of South Africa is mainly concerned with protecting the interests of the powerful elite in the profession.


2022 ◽  
pp. 580-605
Author(s):  
Absolom Muzambi ◽  
Leila Goosen

In order to provide readers with an overview and summarize the content, the purpose of this chapter is stated as reporting on an investigation around acquiring 21st century skills through e-learning. This study takes place against the background of the factors affecting the successful implementation of an e-education policy and community engagement. In terms of research methodology, a case study is used of a specific high (secondary) school in the Metro North district of the Western Cape province, South Africa.


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