Economic Development in the Twenty-first Century Lessons for Africa
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 A
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Economic Development in the Twenty-first Century Lessons for Africa Throughout History Matthew Kofi Ocran
Palgrave Studies in Economic History
Series Editor Kent Deng London School of Economics London, UK
Palgrave Studies in Economic History is designed to illuminate and enrich our understanding of economies and economic phenomena of the past. The series covers a vast range of topics including financial history, labour history, development economics, commercialisation, urbanisation, industrialisation, modernisation, globalisation, and changes in world economic orders. More information about this series at http://www.palgrave.com/gp/series/14632
Matthew Kofi Ocran
Economic Development in the Twenty-first Century Lessons for Africa Throughout History
Matthew Kofi Ocran Department of Economics University of the Western Cape Cape Town, Western Cape, South Africa
Palgrave Studies in Economic History ISBN 978-3-030-10769-7 ISBN 978-3-030-10770-3 (eBook) https://doi.org/10.1007/978-3-030-10770-3 Library of Congress Control Number: 2018965772 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: © Afripics/Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
To my parents, for their love and sacrifice.
Preface and Acknowledgements
I started writing this book in 2015. The initial thought had originated from my professorial inaugural lecture in late 2014, which had then focused on resource nationalism in the context of Africa’s economic development challenges. As part of the preparation towards the lecture, it became clear to me that there was a need for a more contemporary discussion of economic development success stories i
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