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Economic Development in the Twenty-first Century


Economic Development in the Twenty-first Century

Lessons for Africa Throughout History
Palgrave Studies in Economic History

von: Matthew Kofi Ocran

103,52 €

Verlag: Palgrave Macmillan
Format: PDF
Veröffentl.: 27.04.2019
ISBN/EAN: 9783030107703
Sprache: englisch

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Beschreibungen

This book uses lessons from history to help African countries take charge of their own economic development agenda. History is an important part of Africa’s economic development narrative, and Ocran investigates how the development outcomes between Africa and Western Europe became so divergent when in the early medieval period average income levels and economic development in the two regions differed only marginally. The sixteenth century marked a turning point, with the emergence of Western European mercantilism and capitalism and their associated exploitation of other countries. In understanding Africa’s economic development, it is crucial to recognise that Africa has not always been poor.Examining 400 years of enslavement and colonisation, this book takes us to present day Africa and economic issues affecting the continent. With selected case studies from Hong Kong, Taiwan, and Singapore to South Korea and China, Ocran proposes ways to break out of the economic development quandary Africa currently faces.
Part I: General Background and Governing Issues.- Chapter 1: Why history is important in Africa’s economic development narrative.- Chapter 2: Economic development: Facts, theories and evidence.- Chapter 3: Case studies of development approaches.- Part II: European Growth and Development that Shaped Africa.- Chapter 4: Medieval European economies.- Chapter 5: Mercantilism as a world economic order.- Part III: African Experience in the Long Run.- Chapter 6: Medieval African economies.- Chapter 7: Emaciation of African economies I: The Atlantic slave trade, 1451 – 1830.- Chapter 8: Emaciation of African economies II: Colonisation, 1885 – 1957.- Chapter 9: Post-independent African economies: 1960 – 2014.- Chapter 10: Lessons for economic development for Sub Saharan Africa.
Matthew Kofi Ocran is Professor of Economics and Deputy Dean of Academic Affairs at the Faculty of Economics and Management Sciences, University of the Western Cape, South Africa. His current research interests lie in macroeconomics, development economics, development finance and economic history. 
This book uses lessons from history to help African countries take charge of their own economic development agenda. History is an important part of Africa’s economic development narrative, and Ocran investigates how the development outcomes between Africa and Western Europe became so divergent when in the early medieval period average income levels and economic development in the two regions differed only marginally. The sixteenth century marked a turning point, with the emergence of Western European mercantilism and capitalism and their associated exploitation of other countries. In understanding Africa’s economic development, it is crucial to recognise that Africa has not always been poor.Examining 400 years of enslavement and colonisation, this book takes us to present day Africa and economic issues affecting the continent. With selected case studies from Hong Kong, Taiwan, and Singapore to South Korea and China, Ocran proposes ways to break out of the economic development quandary Africa currently faces. Matthew Kofi Ocran is Professor of Economics and Deputy Dean of Academic Affairs at the Faculty of Economics and Management Sciences, University of the Western Cape, South Africa. His current research interests lie in macroeconomics, development economics, development finance and economic history. 
Compares economic development in Africa and Western Europe throughout medieval and modern historyLooks at colonisation as an instrument of wealth creation and economic development in Western European countriesDemonstrates the importance of research and development and innovation and technological development as key driversSuggests how countries like South Africa can break out of the low economic growth trap

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