Robert Guest's fascinating book seeks to diagnose the sickness that continues to hobble Africa's development.
Jul 27, Akin rated it it was ok sigh I wish I could like this book. I have mixed feelings about this one. On the other hand, many of his criticisms have huge blindspots. He equates incomparable economies, makes sweeping claims outside his expertise on genetically modified foods; on local opinions of Shell or the damage the drilling has done in Nigeria; on other forms of environmental damage that are the result of development; on why capitalism is what Africa needs; etcand leaves too many arguments undeveloped.
What one reviewer in the Guardian said has to be quoted for its hilarity: Aid, clearly, is not working. But why has it proven to be such a failure?
Much of it ties back to regulation, aid policy and the very despotic governments the West hope to suppress as a result of aid. Only governments that are committed to reform should be given money, whereas others should only be offered advice.
Many African countries suffer from predatory politics, as unfortunately politics are seen to be the most attractive method of gaining wealth and retaining power. These poorly-run governments plunge their countries into further debt creating poverty and economic stagnation, which also happen to be the two key indicators or factors associated with civil war.
These political leaders often have no understanding of economics, so exercise flawed reasoning which add to their countries problems.
They are also seduced by shortcuts, like price fixing. What Guest says about price fixing is too hilarious to go unquoted: So, too, would freehold land ownership. In some countries Ethiopia, Mozambiquefreehold land ownership is illegal. I would be really interested to hear what another economist has to say about this one.The law and politics of the Caspian Sea in the twenty-first century: the positions and views of Russia, Kazakhstan, Azerbaijan, Turkmenistan, with special reference to Iran.
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from lausannecongress2018.com Nicholas Shaxson is a journalist who writes regularly for the Financial Times, The Economist, African Energy, and the insider newsletter Africa lausannecongress2018.com is an associate fellow with the Royal Institute of International Affairs (Chatham House) in London, and a world authority on the politics and economics of the oil-producing nations of the Gulf of Guinea.
Like Ayittey, Robert Guest, business editor for The Economist, in his book The Shackled Continent (), declares that “Africans are poor because they are poorly governed.” He argues that “Africa is the only continent to have grown poorer over the last three decades” while other developing countries and regions have grown richer.
The Zionist international organised crime cabal just took control of the USA by installing it's Trump puppet in the White House. Almost exactly a century earlier, they seized control of . Clarke's Bookshop (established in ) is situated in Cape Town, South Africa and carries both new and second hand books on Southern Africa.