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Fil: Kaya, Hassan O. Universidad del North-West; Sudáfrica Abstract: The article indicates how the political economy of contemporary Africa is to be explained and what might reasonably be conjectured about the challenges of development for the continent in the new millenium. The author is mainly interested in what he considers to be the salient features of the political economy of Africa, namely intense ethnic conflicts and fragmentation of the African leadership; the recurrence of military coups; poor performance in economic development and corruption; and international marginalization of the continent.

Fil: Kaya, Hassan O. Universidad del North-West; Sudáfrica Fil: Wyk, David van. Universidad de Durban-Westville; Sudáfrica Abstract: The trend since the late 1980s towards economic lib eralization and democratization process including the introduction of multi-party systems in most countries in Africa, has taken place with a scope unparalleled in the history of the continent. There have been different interpretations and conceptualizations within and outside Africa about these developments. There are those scholars who argue that there is enough evidence to suggest that this development will be more than a passing phenomenon (Tisch, 1992), whereas others have the pessimistic opinion that not too much should be expected from these sudden conversions since these developments were not a result of a process of internal evolution but an imposition by the logic and thrust of developments worldwide (Petersen, 1991).