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Economic Development in the Twenty-first Century - Lessons for Africa Throughout History (Hardcover, 1st ed. 2019)
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Economic Development in the Twenty-first Century - Lessons for Africa Throughout History (Hardcover, 1st ed. 2019)
Series: Palgrave Studies in Economic History
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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.
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