Why Africa Has Lagged Behind Other Continents And Regions In Development
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Why Africa Has Lagged Behind Other Continents And Regions In Development
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Author : Caroline Mutuku
language : en
Publisher: GRIN Verlag
Release Date : 2018-07-10
Why Africa Has Lagged Behind Other Continents And Regions In Development written by Caroline Mutuku and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-10 with Business & Economics categories.
Academic Paper from the year 2018 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1.3, , language: English, abstract: It is apparent that countries exhibit differences in wealth. This is some nations are considered as rich, whereas other are said to be poor. From an economic lens, it seems easier for someone to distinguish rich countries from poor ones based on the quantity of resources that are available to a given society. However, it is relatively difficult to identify in-depth information about income distribution among social groups, resources utilization and the trends of production and consumption within a given country or region (Acemoglu & Robinson, 2012). These parameters can only be determined through the use of a ‘development gauge.’ Therefore, this paper will provide a precise description of ‘development’ and attempt to explain why Africa has lagged behind other continents and regions in development.
Why Africa Is Poor
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Author : Greg Mills
language : en
Publisher: Penguin Random House South Africa
Release Date : 2012-10-01
Why Africa Is Poor written by Greg Mills and has been published by Penguin Random House South Africa this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-01 with Business & Economics categories.
Economic growth does not demand a secret formula. Good development examples now abound in East Asia and further afield in others parts of Asia, and in Central America. But why then has Africa failed to realise its potential in half a century of independence? Why Africa is Poor demonstrates that Africa is poor not because the world has denied the continent the market and financial means to compete: far from it. It has not been because of aid per se. Nor is African poverty solely a consequence of poor infrastructure or trade access, or because the necessary development and technical expertise is unavailable internationally. Why then has the continent lagged behind other developing areas when its people work hard and the continent is blessed with abundant natural resources? Stomping across the continent and the developing world in search of the answer, Greg Mills controversially shows that the main reason why Africa's people are poor is because their leaders have made this choice.
Industries Without Smokestacks
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Author : Richard Newfarmer
language : en
Publisher: Oxford University Press
Release Date : 2019-01-03
Industries Without Smokestacks written by Richard Newfarmer and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-03 with Business & Economics categories.
By 2030 more than three quarters of the world's absolute poor are projected to live in Africa. Accelerating economic growth is key to rising incomes on the continent, and central to this challenge is establishing activities that are capable of employing large numbers of unskilled workers, that can raise productivity through innovation, and that can power growth through exports. Such structural transformation is a key driver of growth, and between 1950-1996 about half of the economic catch-up by developing countries (led by East Asia) was due to rising productivity in manufacturing combined with growing agricultural output. Africa, however, has lagged behind. In 2014, the average share of manufacturing in GDP in sub-Saharan Africa hovered around 10 per cent, unchanged from the 1970s, leading some observers to be pessimistic about Africa's potential to catch the wave of sustained rapid growth and rising incomes. Industries Without Smokestacks: Industrialization in Africa Reconsidered challenges this view. It argues that other activities sharing the characteristics of manufacturing- including tourism, ICT, and other services as well as food processing and horticulture- are beginning to play a role analogous to that played by manufacturing in East Asia. This reflects not only changes in the global organization of industries since the early era of rapid East Asian growth, but also advantages unique to Africa. These 'industries without smokestacks' offer new opportunities for Africa to grow in coming decades.
Human Development In Africa
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Author : Augustin Fosu
language : en
Publisher:
Release Date : 2013
Human Development In Africa written by Augustin Fosu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Human development (HD), a process designed to enhance human lives directly, is contrasted with economic development, which entails the expansion of material things intended to fulfill human needs. Human development empowers people to participate in the improvement of their own well-being. The paper looks at the record of HD in Africa over the period 1970-2005, using half-decadal data derived from United Nations sources and national statistical bureaus. It is found that over the period analyzed, the human development index improved in all African countries except in Zambia, where it declined, due to unfavorable terms of trade and to persistent health and governance problems, among challenges. Nonetheless, despite this progress, African countries continue to lag behind other regions of the world in HD. There has been little advance on the economic development front, where growth plummeted in most African countries, impoverishing nearly 50 percent of the population. Towards the end of the 1990s, however, African economies began to recover due mainly to reforms in governance and distributive systems, and in mechanisms to protect people against downside risks, including disease pandemics, political instabilities, droughts and adverse terms of trade. The paper argues for a continuation of reforms in order to further improve economic and human development outcomes on the continent.
Politics In Africa
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Author : Professor Nana Poku
language : en
Publisher: Zed Books Ltd.
Release Date : 2013-07-04
Politics In Africa written by Professor Nana Poku and has been published by Zed Books Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Political Science categories.
Democracy, prosperity and self-rule, this was the vision of African independence. Across the continent, however, the 'optimism' that characterized the immediate post-independence period has largely faded. Meanwhile, ordinary Africans lurch between undemocratic, unaccountable and unresponsive governments and a decaying traditional African past. How did things go so wrong? Why has the continent lagged behind others in economic development despite its potential natural resources? Why are so many African states prone to conflict? And why has democracy been slow to take root in a majority of the countries? Covering everything from African economies to the role of the state, rural livelihoods to issues of gender, 'Politics in Africa' offers a fresh perspective in answering these questions, making the continent's problems more understandable, less wretched and even intensely hopeful. Up-to-date, concise and provocative, this is indispensable reading for anyone interested in African politics.
Our Continent Our Future
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Author : P. Thandika Mkandawire
language : en
Publisher: IDRC
Release Date : 2014-05-14
Our Continent Our Future written by P. Thandika Mkandawire and has been published by IDRC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with Political Science categories.
Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Africa S Development In Historical Perspective
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Author : Emmanuel Akyeampong
language : en
Publisher: Cambridge University Press
Release Date : 2014-08-11
Africa S Development In Historical Perspective written by Emmanuel Akyeampong and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-11 with Business & Economics categories.
Why has Africa remained persistently poor over its recorded history? Has Africa always been poor? What has been the nature of Africa's poverty and how do we explain its origins? This volume takes a necessary interdisciplinary approach to these questions by bringing together perspectives from archaeology, linguistics, history, anthropology, political science, and economics. Several contributors note that Africa's development was at par with many areas of Europe in the first millennium of the Common Era. Why Africa fell behind is a key theme in this volume, with insights that should inform Africa's developmental strategies.
Democracy Good Governance And Development In Africa
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Author : Mawere, Munyaradzi
language : en
Publisher: Langaa RPCIG
Release Date : 2015-10-24
Democracy Good Governance And Development In Africa written by Mawere, Munyaradzi and has been published by Langaa RPCIG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-24 with Social Science categories.
Questions surrounding democracy, governance, and development especially in the view of Africa have provoked acrimonious debates in the past few years. It remains a perennial question why some decades after political independence in Africa the continent continues experiencing bad governance, lagging behind socioeconomically, and its democracy questionable. We admit that a plethora of theories and reasons, including iniquitous and malicious ones, have been conjured in an attempt to explain and answer the questions as to why Africa seems to be lagging behind other continents in issues pertaining to good governance, democracy and socio-economic development. Yet, none of the theories and reasons proffered so far seems to have provided enduring solutions to Africa’s diverse complex problems and predicaments. This book dissects and critically examines the matrix of Africa’s multifaceted problems on governance, democracy and development in an attempt to proffer enduring solutions to the continent’s long-standing political and socio-economic dilemmas and setbacks.
The Development Of Africa
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Author : Olayinka Akanle
language : en
Publisher: Springer
Release Date : 2017-10-25
The Development Of Africa written by Olayinka Akanle and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-25 with Social Science categories.
This volume analyses many of the real development challenges confronting the African continent, presenting fresh and current objective examinations, narratives, interpretations and pathways to the continent’s development. It interrogates and answers established, critical, current and pragmatic problems confronting Africa today, and provides workable pathways out of the development problems, so that scholarship, policy and practice will be positively impacted. This volume adds great depth and extended breadth to the knowledge base on development of Africa. It provides excellent resources for academics, scholars, student, policy makers and all those interested in issues affecting Africa’s development.
Emerging Africa
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Author : Kingsley Chiedu Moghalu
language : en
Publisher: Penguin UK
Release Date : 2014-07-24
Emerging Africa written by Kingsley Chiedu Moghalu and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-24 with Social Science categories.
A rare and timely intervention from Kingsley Chiedu Moghalu, Deputy Governor of the Central Bank of Nigeria, on development in Africa. To many, Africa is the new frontier. As the West lies battered by financial crisis, Africa is seen as offering limitless opportunities for wealth creation in the march of globalization. But what is Africa to today's Africans? Are its economies truly on the rise? And what is its likely future? In this pioneering book, leading international strategist Kingsley Moghalu challenges conventional wisdoms about Africa's quest for growth. Drawing on philosophy, economics and strategy, he ranges from capitalism to technological innovation, finance to foreign investment, and from human capital to world trade to offer a new vision of transformation. Ultimately he demonstrates how Africa's progress in the twenty-first century will require nothing short of the reinvention of the African mindset. 'Africans seriously analyzing Africa's opportunities are all too rare. Kingsley Moghalu writes with insight and authority' Paul Collier 'Savvy . . . distinguished' Mark Malloch-Brown 'Unique in the depth of its insight, the ambition of its scope, and the clarity of its argument. Kingsley Moghalu brings a remarkable intellect and his vast experience to this tour de force on Africa's economic transformation. This is a truly weighty contribution to understanding Africa's developmental dilemma and its quest for a more prosperous future' Ngozi Okonjo-Iweala 'Insightful and analytical . . . sheds instructive light on Africa's position in the world. It is a testament to the palpable optimism that encompasses Africa while frankly addressing the myriad challenges that lie ahead for its economic transformation' Shashi Tharoor Kingsley Chiedu Moghalu is Deputy Governor of the Central Bank of Nigeria. He was the Founder and CEO of Sogato Strategies S.A., a global strategy and risk management consulting firm in Geneva, Switzerland. He has previously worked for the United Nations for 17 years in strategic planning, legal, development finance and executive management. His previous books include Global Justice and Rwanda's Genocide.