Multinational corporate control of African economies is today’s imperialism

Evidence

As the Africanist scholar O. E. Udofia has argued, the multinational corporations lead the African economy and thus “constitute today’s imperialism in Africa.” The general characteristics of the multinational corporation are “ownership and control,” both being manifestations of capitalism, whose quiddity is imperialism. — Wael Hallaq, Restating Orientalism, 367

Categorization

• QUESTION: Udofia seems to be treated as a citable authority here — worth checking who he is and the original source of the ‘today’s imperialism’ argument.
• SHARE: A quotation to send to a colleague working on development economics or postcolonial studies.
• XREF: connects to: Corporations internalize profits while externalizing risks onto the poor global South — Rob Nixon, Slow Violence and the Environmentalism…, 137