Abstract

A macro analysis of various inquiry into the nature and causes of Africa’s crises may revealed a continent placed on perpetual slavery. From trans-Atlantic slave trade to colonialism; from colonialism to flag independence and Neo Colonialism; from trade imperialism to human trafficking; from the rampaging momentum of globalization to erosion of African culture and communal morality; from ‘Tokunbo’ Syndrome and America Lottery to the debt burden and fall of Africa’s currencies; Africa seems to be on a verge of internationally-inspired perpetual servitude. The costs of these old and modern vices are enormous and the task of salvaging them is not less so. While the paper exposes the two divides, it goes to argue that, the actualization of the New International Economic Order (NIEO) remain a must for Africa as a continent, if she must survive the present socio-economic and political disempowerment eating deep to her efforts at meeting aims and objectives of the Millennium Development Goals (MDG).

Key words: Political economy, new slave trade, colonialism, trade imperialism, capitalism, globalisation.