Opinion: Market democracy runs out of road

As Nigeria’s leaders held a gilded ceremony in Abuja on Democracy Day, 12 June, members of civil society protested against economic hardship in Lagos.

Nigeria’s transition in 1999 followed a decade of rapid change across Africa. Military and single-party regimes gave way to multi-party politics. When the first Cold War ended, neither Moscow nor Washington wanted to bail out theirInstead, the World Bank talked about ‘good governance’. Countries that met this criterion would qualify for billions of dollars from the World Bank and the International Monetary Fund . Sceptics called it market democracy: politics teleguided by Europe and the US.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Township retail remains hotly traded in the South African property marketSouth Africa’s township retail sector is emerging as a growth engine for the country’s property market as it continues to attract interest from investors.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Over $1 billion pledged to create ‘African vaccine market’Three quarters of this funding will come from Europe, Macron told the summit, which was also attended by leaders from African countries.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

China’s COMAC challenges Airbus and Boeing for African marketWhile Congo-Brazzaville is currently the only African country openly considering the purchase of a Chinese airliner, the manufacturer is emerging as a real challenger to the global giants.
Source: TheAfricaReport - 🏆 29. / 55 Read more »