How the IMF Underdeveloped Africa From the Ground Up

Africa may have the most diverse natural resources in the world. Yet the continent is the poorest in the world. Capitalist historians explain this problem as INTERNAL to African societies. They are superstitious, victims of irrational ethnic fighting and resistant to modernization processes like science.

They say that, like some children, they fail to develop into mature industrial civilizations. But dependency theorists and Andre Gunder Frank say that African countries are the way they are for EXTERNAL reasons, such as colonialization. This article defends a variation of dependency theory by showing how the IMF kept Africa poverty-stricken.