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Economic Development in the Twenty-First Century: Lessons for Africa Throughout History
Hardcover
Series: Palgrave Studies in Economic History
ISBN13: 9783030107697
Publisher: Palgrave MacMillan
Published: May 8 2019
Pages: 412
Weight: 1.86
Height: 1.31 Width: 5.83 Depth: 8.27
Language: English
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.
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