A HERMENEUTICAL DISCOURSE ON THE EURO-AMERICA’S GLOBAL ECONOMIC CONSPIRACY: A CASE STUDY OF AFRICA

This socio-political scientist treatise presents a critical and systematic examination of the dependency theory of development in Africa, foregrounding the inequality that characterizes the international system. Through a hermeneutical expository analysis, this study reveals that the global arena is a theater of unequal competition, where powerful states and regions advance their fortunes at the expense of weaker ones. It exposes the covert capitalist and imperialist intents driving global politics, transnational trade relations, and diplomacy, which perpetuate the impoverishment of African states by relegating them to primary product suppliers. This treatise concludes that the international economic system is inherently inimical to African development, being rooted in historical structures erected by Euro-American imperialists for economic and political warfare. To counter this, the study recommends a drastic withdrawal from the international system, industrialization, increased intra-African trade, a united African front, and tactful protectionism. The research relies on primary and secondary data for its critical, hermeneutical, and deductive analysis.