The Slave Ethos and the African Economy
For much of Africa, high commodity prices and rising consumption should mark a decisive break with endemic poverty. But, unless African leaders change their ways, it will not.
https://prosyn.org/uMwHPRC
DAKAR – The slump in prices for Africa’s natural resources, which led to chronic deficits in the past, has been reversed. Consumption, fueled by huge Asian demand for African commodities, is on the rise across the continent. For much of Africa, this turn of events should mark a decisive break with endemic poverty. But, unless African leaders change their ways, it will not.