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First published in 1986, this work challenges underdevelopment analyses of Africa’s past experiences and future prospects, and builds upon a very wide range of recent historical research to argue that the impact of Capitalism has resulted in economic progress and significant improvements in living standards. In marked contrast to the dependency approach, they propose that the important political and economic differences between the experiences of developing countries should be stressed and analysed. The argument is supported by a detailed look at the emergence since 1900 of capitalist social relations of production in nine different countries.
This work goes beyond recent analyses of African development to present a post-dependency framework for the study of Africa's political economy. The author argues that, although the contributions of the modernization and dependency frameworks cannot be ignored, recent economic and political adjustments and realignments require a more penetrating analysis--one that takes into account such factors as the overall growth of the economy, the role of the state, parallel markets, and capitalist development in general. An ideal supplemental text for courses in comparative politics, international political economy, and African development, the volume is comparative in approach and covers the countries of sub-Saharan Africa. The author begins by discussing the various dimensions--agricultural, environmental, industrial, population--of Africa's continuing crisis condition. He then closely examines the African development experience since independence and explores the evolution of development theory and its application to Africa. Arguing for a new mode of production approach to the study of Africa's political economy, the author attempts to determine whether Africa is indeed predominantly capitalist and raises questions regarding prevailing theories of capitalist development. Finally, Nyang'oro looks at the state in Africa, pointing to some fundamental weaknesses that contribute to the ongoing crisis and offering a perceptive assessment of development options open to Africa.
This book argues that capitalism has practically failed to deliver the long-desired economic transformation and inclusive development in postcolonial Africa. The principal factor that accounts for this failure is the prolific non-productive forms of capitalism that tend to be dominant in the African continent and their governance dimensions. The research explores how and why capitalism has failed in the African context and the feasibility of turning it around. The book meets the demands of diverse audiences in the fields of International Political Economy, Development Economics, Political Science, and African Studies. The author adopts an unconventional narrativist approach that makes the book amenable to general readership.
Though studies of capitalism in Africa traditionally focus on the activities of foreign investment, in Cote d'Ivoire capitalist development has been largely the work of a domestic class of entrepreneurs.
Gordon analyzes the interplay between capitalism, development and the status of African women. Drawing on the work of both African and Western researchers, she shows that capitalist development projects have mainly benefited a small stratum of African elites and proposes concrete strategies for making it more equitable for women.
Study of economic development, politics and steady state economy in Africa - discusses the disappointments of independence, democracy and the economic recession; explains the failure of capitalism and the post- colonialism economic implications; looks at political systems and the negative impact of personal rule (political leadership) in institutional framework, the economy (incl. Black market) and defence dependence; presents prospects and recommendations. Bibliography, map, statistical tables.
"This book challenges conventional wisdoms about economic performance and possible policies for economic development in African countries. Its starting point is the striking variation in African economic performance. Unevenness and inequalities form a central fact of African economic experiences. The authors highlight not only differences between countries, but also variations within countries, differences often organized around distinctions of gender, class, and ethnic identity. For example, neo-natal mortality and school dropout have been reduced, particularly for some classes of women in some areas of Africa. Horticultural and agribusiness exports have grown far more rapidly in some countries than in others. These variations (and many others) point to opportunities for changing performance, reducing inequalities, learning from other policy experiences, and escaping the ties of structure, and the legacies of a colonial past. The book rejects teleological illusions and Eurocentric prejudice, but it does pay close attention to the results of policy in more industrialized parts of the world. Seeing the contradictions of capitalism for what they are - fundamental and enduring - may help policy officials protect themselves against the misleading idea that development can be expected to be a smooth, linear process, or that it would be were certain impediments suddenly removed. The authors criticize a wide range of orthodox and heterodox economists, especially for their cavalier attitude to evidence. Drawing on their own decades of research and policy experience, they combine careful use of available evidence from a range of African countries with political economy insights (mainly derived from Kalecki, Kaldor and Hischman) to make the policy case for specific types of public sector investment"--