Globalization and de-industrialization in Uganda
Uganda
is not a poor country at all. It never has been. It is endowed with a wide
range of natural resources and resilient people. But Uganda is an impoverished
country with many impoverished people due in part to its incorporation into the
global economy as a dependent member. It is among some 50 countries in the
world that are categorized as least developed, meaning that the majority of the
people in these countries do not meet the basic needs of food, shelter,
clothing, health care and education.
Uganda
has neither benefited from the globalization phase of the late 19th century (1870-1914) nor of the late 20th century (1970s to the
present). The main pillar of globalization is openness that promotes trade,
investment, financial and service flows across national borders.