Ethical Foundations For International Investments In Developing Poor African Countries

Abstract

There is a moral and ethical obligation for the rich and developed nations and their business corporations to invest in and trade ethically with Africa. This moral obligation extends to African leaders and elites who facilitate the continued exploitation of Africa and corruption in the post-independence period. To reveal this obligation and its basis, I begin by reviewing and exploring the history of African colonialism in pursuit of capital profit maximization within the imperialist framework and its consequences, focusing on its immoral and unethical practices. I then show that the moral foundations of colonialism and post-independence African leadership have not been considered in understanding African underdevelopment in relation to the prosperity of other nations, and the role of African leaders. Finally, I argue there are morally right actions that can plausibly change this. I explicate this using three moral philosophical approaches – Kantian, Utilitarian and Ubuntu African relational ethics.