ABSTRACT

The average per capita income in sub-Saharan Africa is 470 dollars a year; in the world as a whole per capita income is 11 times higher and in the European Union it is 47 times higher. Many people and international organizations deduce that in sub-Saharan Africa people live on little more than a dollar a day. The modern economic structure produced by colonialism in sub-Saharan Africa was weak, disarticulated, oriented towards exports, and incapable of local accumulation, but it did contribute to the economy of the metropolis. Labor power remained tied to the original communities. Even granting that underdevelopment serves development, one would have to say that for sub-Saharan Africa this function is ending. Its marginalization from the processes of globalization is clear from the indicators of the OECD's African Economic Outlook. Sub-Saharan Africa is adrift, exposed to the aggressions of transnational capital including that based in South Africa which is particularly dynamic.