Technical Aspects Of Africa's Economic Development And The Challenge Of Values And Ethics

Abstract

This article offers snapshots of competing paradigms for explaining Africa's slow growth. It then offers other ideas that suggest linkages between phenomena that have produced prolonged stagnation. These additional perspectives focus on the role of institutions and values in economic development. Africa's path to economic development has been constrained by destiny and policy choices to different degrees, but evidence does suggest that if institutions are built up, market economy values introduced, and the work ethic harvested, this opening century of a new millennium could indeed by Africa's century.



LBS Management Review Vol.6(1) 2001: 24-37