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  • Format: ePub

Africa has experienced two liberations: the first from colonial and racist regimes, and the second from the autocrats who often followed foreign rule. African countries now have the potential to undertake a third liberation - from political economies characterised by graft, crony capitalism, rents-seeking, elitism and social inequality. This third liberation will open up the economic space in which business can compete - a necessary condition for expanding employment. During the 2000s, the continent had its best growth decade on record since independence. High commodity prices offer a launch…mehr

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Produktbeschreibung
Africa has experienced two liberations: the first from colonial and racist regimes, and the second from the autocrats who often followed foreign rule. African countries now have the potential to undertake a third liberation - from political economies characterised by graft, crony capitalism, rents-seeking, elitism and social inequality. This third liberation will open up the economic space in which business can compete - a necessary condition for expanding employment. During the 2000s, the continent had its best growth decade on record since independence. High commodity prices offer a launch pad for sustained growth and employment creation. Now is the moment for African countries to act. This book asks how Africa's political leaders and interest groups can promote economic growth in their countries. Drawing on studies of countries outside Africa, Jeffrey Herbst and Greg Mills identify the factors separating the performers from the laggards worldwide. Aside from the need to create an enabling environment for business through good governance, provision of infrastructure and improvements in education, most critical is the need for a laser-like development focus by governments. In Africa's Third Liberation, Jeffrey Herbst and Greg Mills show why a new African political debate is necessary to make progress in accelerating growth and creating jobs.

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Autorenporträt
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.