A critical analysis of state transformation through Privatisation

The state in sub-Saharan Africa is at crossroads, for despite almost three decades of economic liberalisation under the auspices of the international financial institutions notably the IMF and the World Bank and their associated states, the region has continued to descend into the abyss of poverty and economic decadence. The deplorable state of the economy is confirmed by the rising levels of corruption, unemployment, unprecedented migration especially brain drain and overall underdevelopment. Cameroon gives an insight of the conception of the state crisis and the unfolding of the entire liberalisation process with privatisation as a universal solution to state aptitude and expertise. The investigations revealed that the welfare gains made by the region were reversed, with the capitalists and their respective states emerging victorious. This book will be particularly valuable to scholars of International Relations especially in Global Political Economy, public policy, economists, policy makers and analysts, researchers, programme and project implementers, administrators above all in the public and all those who wish to explore Africa’s predicament in the past present and in future.