The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemploymen…
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African states are not, in any real sense, capitalist states. Elsewhere, the state has played a crucial role in facilitating capitalist expansion, but in postcolonial Africa one finds a form of neopatrimonialism - personal rule - that introduces a variety of economic irrationali…
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 th…
