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Our continent, our future

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First Sentence
"Economists have generally identified "path dependence" as one of the important features of the growth process-that is, what eventually happens to an economy depends greatly on the point of departure."
194 pages
~3h 14min to read
Council for the Development of Social Science Research in Africa 1 views
ISBN
086543705X, 9780865437050
Editions
Paperback
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Description

For decades now, many African countries have implemented the structural adjustment programs of the Bretton Woods Institutions. The results, however, have been less than sterling. Extreme poverty and underdevelopment continue to plague what is becoming the world's "forgotten continent," and it is now generally agreed that a new approach is urgently required. 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.

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