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February 27, 2026Open Access

Debt, Development, and Dependence: The New Political Economy of Africa's External Financing

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OROnya Reason

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Overview

This analysis reveals how external borrowing affects development in Africa, suggesting a need for structural transformation.

Key Points

  • The aim is to investigate Africa's reliance on external borrowing and its effects on development and state capacity.
  • Utilized a dual political economy framework combining postcolonial and structural perspectives
  • Employed qualitative political economy methods to analyze Africa’s debt cycle
  • Contextualized debt within historical trajectories of dependent development
  • Debt is shown to reshape policy autonomy and affect distributive outcomes
  • External financing is found to reproduce patterns of dependence and vulnerability
  • Without strategic transformation, Africa's debt issues are likely to persist as constraints rather than solutions.

Cite This Study

Onya Reason (2025) studied this question.

synapsesocial.com/papers/69a13571ed1d949a99abf5dahttps://doi.org/10.5281/zenodo.18776208
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