Globalisation and the challenges of unemployment, income inequality and poverty in Africa

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dc.contributor.author Ukpere, Wilfred I.
dc.date.accessioned 2012-11-02T15:59:58Z
dc.date.available 2012-11-02T15:59:58Z
dc.date.issued 2011
dc.identifier.citation Ukpere, W.I. 2011. Globalisation and the challenges of unemployment, income inequality and poverty in Africa. African Journal of Business Management, 5(15):6072-6084 en_US
dc.identifier.issn 1993-8233
dc.identifier.uri http://hdl.handle.net/10210/8025
dc.description.abstract There is an urgent need to re-investigate the functional relationship between globalisation, unemployment, income inequality and poverty in Africa. Unemployment accelerates the level of income inequality and poverty within a given society. In spite of the beautiful slogans associated with it, the current globalisation seems to have aggravated the problem of unemployment, the corollary of which is endemic income inequality and mass poverty in Africa. In fact, the trickle down economy pattern has consistently failed Africa. What is good for Wall Street may not necessarily be good for Africa. Viewed from any angle, the African continent seems to have been marginalised and left behind by globalisation. Capitalist globalisation undeniably, created wealth but also intensified inequality and poverty, particularly in Africa. High growth rate of Gross domestic product (GDP) may be a good statistics to parade at international conferences and seminars. However, for the hungry jobless youths in the streets, these are meaningless numbers since they do not translate into job creation or cure their hunger. Therefore, it is high time that African nations look beyond the official statistics of the so called high GDP growth rate and get down to the hard business of creating real jobs that take out the hungry, angry and jobless youths from the streets into workplaces. African countries need to develop comprehensive strategies to create jobs locally. In this paper, the current author posits that there is a strong linkage between globalisation, unemployment, income inequality and poverty in Africa. Some mechanisms were proffered to overcome these bottlenecks. en_US
dc.language.iso en en_US
dc.publisher Academic Journals en_US
dc.rights © Academic Journals, 2012. Available online at http://www.academicjournals.org/AJBM. DOI: 10.5897/AJBM11.905 en_US
dc.subject Globalisation - Africa en_US
dc.subject Unemployment - Africa en_US
dc.subject Income inequality - Africa en_US
dc.subject Poverty - Africa en_US
dc.title Globalisation and the challenges of unemployment, income inequality and poverty in Africa en_US
dc.type Article en_US

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