Abstract:
Africa is one of the historically troubled continents which started the process of becoming
independent fifty six years ago. But the co-operative enterprise had earlier, and it is the cooperative movement which gave material and moral support the political independence struggle
so Africa has had a long history of slavery, colonialism, neo colonialism and the current
globalization. In all these epochs of history, Africa has and is standing on a disadvantaged
position. During the slave trade, Africa lost millions of its human resource capacity to America
and Europe. During the colonial period, Africa was tied to the industrialized countries where they
were posed to produce what they did not consume and consumed what they did not produce.
After political independence, Africa continues to serve the international capitalist system with
agricultural raw material, cheap labour and minerals under a new world system known as
globalization. By its very nature, globalization is a capitalistic guided economic system which
gradually marginalizes Africa of its resources, economy and produces uneven development.
