Economic growth does not demand a secret formula. Good development examples now abound in East Asia and farther 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?
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Summary
Economic growth does not demand a secret formula. Good development examples now abound in East Asia and farther 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?
Description
Economic growth does not demand a secret formula. Good development examples now abound in East Asia and farther 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? This book shows that African poverty is 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?
About the Author
Dr Greg Mills heads the Johannesburg-based Brenthurst Foundation, established in 2005 by the Oppenheimer family to strengthen African economic performance. Before this he was the national director of the SA Institute of International Affairs. He has directed numerous reform projects in Africa and sat on the Danish Africa Commission and the African Development Bank’s high-level panel on fragile states. On the advisory board of the Royal United Services Institute, he is the author of the best-selling books Why Africa Is Poor and Africa’s Third Liberation, and together with President Olusegun Obasanjo, Making Africa Work: A Handbook for Economic Success. His writings have won him the Recht Malan Prize. His latest books, Expensive Poverty and The Ledger: Accounting for Failure in Afghanistan, were published in 2021 and 2022 respectively.
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