Africa and the ’Post-American Century’

Two decades after the fall of the Berlin Wall there can be no doubt that the global financial and economic crisis, the most sustained ever since the ’great depression’, represents a historical hiatus. In the first half of the 19th century, John Maynard Keynes had argued in favour of interventionism in economic policy, but when Richard Nixon governed the USA, the maxim ’We are all Keynesians’ was abandoned. More recently, Paul Krugmann postulated that ’financial globalization’ was more dangerous ’than we assumed’.