The African Continental Free Trade Area

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Monopolies continue to dominate world trade by controlling
global production and distribution chains. Neither free trade nor fair
trade has transformed this system; the recent rise in nativism and
pseudo-protectionism has not, and cannot, address these problems
either. The African Continental Free Trade Area (AfCFTA), the largest
free trade area in the world, promises to be different. AfCFTA rejects
classical, neoclassical, and Marxist theories of trade, appealing, instead,
to non-aligned pan-Africanism. It advocates continental free trade as a
way to overcome the lingering effects of slavery, colonialism, and
neocolonialism. However, its exclusive focus on continental Africa, its
disinterest in systemic redistribution, and encouragement of the private
appropriation of socially created land rents prevents AfCFTA from
achieving its goals. In fact, AfCFTA might actually foster inequality—
progress alongside of poverty—and in so doing, undermine the very
essence of this trade regime. What Henry George (1886) called “true
free trade,” a theory based on making land common by socializing land
rent, offers a more promising and powerful model through which to
achieve the pan-African agenda. Indeed, only true free trade can
definitively decolonize global trade.
TidskriftAmerican Journal of Economics and Sociology
Sidor (från-till)167-197
StatusPublicerad - 4 jan 2020
MoE-publikationstypA1 Tidskriftsartikel-refererad


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