Twelfth Global Studies Conference

Abstract

The globalization trends as they emerged from the Bretton Woods conference (1944) intended to create an interdependent and unified global society, which would bring prosperity for all. Africa became a part of this process of globalization much later through the policies imposed by the International Financial Institutions (IFIs) to fight the continent’s mounting foreign debt during the 1980s. This was the time when Africa’s efforts to become a part of the globalized world did not bode well for its nascent economies. The dawn of the 21st century, however, has brought better news for the countries of Africa. Many countries in Africa are becoming effective partners in the globalized economy of the new century. Learning from their failures in the past and treading the path as adopted by the “Asian Tigers” and the “Tiger Cub Economies,” many African countries are cruising their way towards an economic resurgence in the new century. In the background of this new development, the proposed paper aims to study positive trends of globalization in Africa with specific emphasis on the policies adopted by the governments of Tanzania, Rwanda, and Ghana. These countries along with many others from the continent are being recognized as the emerging economies in the 21st century. Tanzania, Rwanda, and Ghana will represent a microcosm of the new globalization trends in other African states.