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Deglobalization and Globalization Concerns: Which Way for the African Continent?
Abstract
In the 21st century, nations are oscillating between globalization, deglobalization, protectionism, and localization. Issues considered while making decisions on what policy to follow include the economic boom, the slump in the economy, and politics. Nations adopt protectionism despite its known negative effects because of political reasons. The size of the economy of the developed countries allows them to implement these policies and withstand any adverse effect arising from isolation or retaliatory actions. The African continent cannot afford to find itself in this war between two elephants. Hence, the chapter reviewed the options available to Africa and recommended the adoption of localization aimed at building size and presenting a common competitive advantage that member states of the local bodies can employ. The chapter recommended certain changes to be made in leadership and mode of operation to avoid localization going the way of globalization.
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