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

Author

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  • 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 (AFEA), 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. Simplice A. Asongu & Oasis Kodila†Tedika, 2017. "Is Poverty in the African DNA (Gene)?," South African Journal of Economics, Economic Society of South Africa, vol. 85(4), pages 533-552, December.
    2. Asongu, Simplice, 2015. "Rational Asymmetric Development: Transfer Mispricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," MPRA Paper 71175, University Library of Munich, Germany.
    3. 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.
    4. 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.
    5. Simplice A. Asongu, 2015. "Growth and Institutions in African Development by Augustin K. Fosu," Research Africa Network Working Papers 15/033, Research Africa Network (RAN).
    6. Asongu, Simplice A. & Le Roux, Sara & Singh, Pritam, 2021. "Fighting terrorism in Africa: Complementarity between inclusive development, military expenditure and political stability," Journal of Policy Modeling, Elsevier, vol. 43(5), pages 897-922.
    7. Simplice A. Asongu & Ivo J. Leke, 2019. "External flows and inclusive human development in Sub-Saharan Africa," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 5(1), pages 33-56.
    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 & Uchenna Efobi & Belmondo V. Tanankem & Evans S. Osabuohien, 2019. "Globalisation and Female Economic Participation in Sub-Saharan Africa," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 19/005, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    10. Asongu, Simplice & Tchamyou, Vanessa & Asongu, Ndemaze & Tchamyou, Nina, 2019. "Fighting terrorism in Africa when existing terrorism levels matter," MPRA Paper 102026, University Library of Munich, Germany.
    11. Simplice A. Asongu & Uchenna R. Efobi & Belmondo V. Tanankem, 2017. "On the Relationship between Globalisation and the Economic Participation of Women in Sub-Saharan Africa," Research Africa Network Working Papers 17/001, Research Africa Network (RAN).
    12. 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 (AFEA), vol. 19(2), pages 77-91.
    13. 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.
    14. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Reconciliation of the Washington Consensus with the Beijing Model in Africa," Research Africa Network Working Papers 16/011, Research Africa Network (RAN).
    15. Simplice Asongu, 2015. "Rational Asymmetric Development: Transfer Pricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," Working Papers of the African Governance and Development Institute. 15/017, African Governance and Development Institute..
    16. Oasis Kodila-Tedika & Simplice Asongu & Florentin Azia-Dimbu, 2015. "Statistics and IQ in Developing Countries: A Note," Working Papers of the African Governance and Development Institute. 15/030, African Governance and Development Institute..
    17. Simplice A. Asongu & Rexon T. Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Research Africa Network Working Papers 21/006, Research Africa Network (RAN).
    18. 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.
    19. Simplice A. Asongu, 2015. "Rational Asymmetric Development: Transfer Mispricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," Research Africa Network Working Papers 15/054, Research Africa Network (RAN).
    20. Asongu, Simplice & Nwachukwu, Jacinta C., 2015. "Finance and Inclusive Human Development: Evidence from Africa," MPRA Paper 71787, University Library of Munich, Germany.
    21. Simplice A. Asongu, 2015. "Rational Asymmetric Development: Transfer Pricing and Sub-Saharan Africa’s Extreme Poverty Tragedy," Research Africa Network Working Papers 15/017, Research Africa Network (RAN).

    More about this item

    Keywords

    Africa; independence; natural resources; economics;
    All these keywords.

    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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