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What Role for Africa After 50 Years of Independence: Provider of Natural Resources or a New Global Leader?

Author

Listed:
  • Frannie A. Leautier

    (African Capacity Building Foundation)

Abstract

A good number of the newly independent African states were at comparable levels of socio-economic development as their East Asian counterparts, for example Ghana had the same per-capita income as South Korea, and Nigeria as Malaysia's (World Bank, 2010b). However, a great divergence developed between the two regions despite a strong run of socioeconomic development in Africa during the first decade of independence. Various explanations have been put forth to explain Africa's stagnation and its diversion from other regions of the World. While providing arguments as to why this divergence happened, we provide evidence against this pessimistic history of Africa's development, and point out to the notable progress and emergence of areas where Africa is exhibiting leadership; making it a force for change and transformation in the coming years.

Suggested Citation

  • Frannie A. Leautier, 2012. "What Role for Africa After 50 Years of Independence: Provider of Natural Resources or a New Global Leader?," Journal of African Development, African Finance and Economic Association, vol. 14(1), pages 127-151.
  • Handle: RePEc:afe:journl:v:14:y:2011:i:1:p:127-151
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    Citations

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    Cited by:

    1. Asongu, Simplice, 2015. "Rational Asymmetric Development: Transfer Mispricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," MPRA Paper 71175, University Library of Munich, Germany.
    2. Asongu, Simplice A & Nwachukwu, Jacinta C., 2016. "Unjust Enrichment from Official Corruption in Africa: Theory and Model on how Lenders have benefited," MPRA Paper 75416, University Library of Munich, Germany.
    3. Asongu Simplice & Nwachukwu Jacinta, 2017. "Globalization and Inclusive Human Development in Africa," Man and the Economy, De Gruyter, vol. 4(1), pages 1-24, June.
    4. Asongu, Simplice, 2015. "Growth and Institutions in African Development by Augustin K. Fosu," MPRA Paper 68656, University Library of Munich, Germany.
    5. Simplice Asongu & Ivo Leke, 2017. "External Flows and Inclusive Human Development in Sub-Saharan Africa," Working Papers 17/058, African Governance and Development Institute..
    6. repec:bla:socsci:v:98:y:2017:i:1:p:282-298 is not listed on IDEAS
    7. Asongu, Simplice & Efobi, Uchenna & Tanankem, Belmondo, 2017. "On the Relationship between Globalisation and the Economic Participation of Women in Sub-Saharan Africa," MPRA Paper 78860, University Library of Munich, Germany.
    8. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    9. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "The Comparative Inclusive Human Development of Globalisation in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 134(3), pages 1027-1050, December.
    10. Simplice Asongu & Jacinta C. Nwachukwu, 2016. "Reconciliation of the Washington Consensus with the Beijing Model in Africa," Working Papers 16/011, African Governance and Development Institute..
    11. Simplice Asongu, 2015. "Rational Asymmetric Development: Transfer Pricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," Working Papers 15/017, African Governance and Development Institute..
    12. repec:afe:journl:v:19:y:2017:i:2:p:77-91 is not listed on IDEAS
    13. Simplice Asongu & Vanessa Tchamyou & Ndemaze Asongu & Nina Tchamyou, 2017. "The Comparative African Economics of Inclusive Development and Military Expenditure in Fighting Terrorism," Journal of African Development, African Finance and Economic Association, vol. 19(2), pages 77-91.
    14. repec:liu:liucej:v:13:y:2016:i:2:p:221-246 is not listed on IDEAS
    15. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Rational Asymmetric Development, Piketty and Poverty in Africa," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 13(2), pages 221-246, December.
    16. Simplice Asongu & Jacinta C. Nwachukwu, 2015. "Finance and Inclusive Human Development: Evidence from Africa," Working Papers 15/061, African Governance and Development Institute..

    More about this item

    Keywords

    Africa; independence; natural resources; economics;

    JEL classification:

    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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