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Public Policy Formation In Africa In The Wake Of The Global Financial Meltdown: Building Blocks For A New Mind In A Multipolar World

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Chapter Summary

The near-universal and dominant sway of neoliberal ideas in the political and economic spheres in the last thirty-odd years has come under intense scrutiny following the global financial crisis. This chapter argues that the policy responses of the global North to the financial meltdown essentially undermine the axiomatic and nomothetic pretensions of neoliberal policy prescriptions, creating a policy window for African polities to reclaim policy autonomy in a multipolar world. It highlights the processes by which neoliberal thought has exerted such a formidable influence and hold on policy formation in Africa and provides hints by which a sustained, workable response can be forged. The chapter maps the processes by which neoliberal ideas have come to dominate global public policy formation.

Keywords: Africa; neoliberal project; public policy formation



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