The root cause of Africa’s persistent underdevelopment lies in structural global asymmetries of dependency on foreign aid and growing great-power competition. This article discusses the influence of the New Cold War between the US, China, Russia, and the rising BRICS powers on poverty and policy challenges in Africa. It draws on dependency theory, world-systems analysis, and modern theories on multipolarity and global governance. It examines the interaction between external financial flows, aid conditionalities and strategic alliances policies and domestic institutional weakness in perpetuating structural poverty, limiting policy choice, and enabling elite capture. It analyses the developmental effects of the recent instances, such as Chinese investments in infrastructure, Western conditional aid, BRICS involvement, and security alliances. It argues that the African states must strategically leverage multipolar competition and minimize aid dependency. Some of the solutions suggested comprising of diverse partnerships, empowering regional institutions, reforming fiscal and regulatory systems, and improving security collaboration. It highlights that poverty in Africa is a structural construction and proposes avenues to reclaim developmental sovereignty.
Kapoor et al. (Mon,) studied this question.