All Posts Tagged With: "Africa"
Indigenous African Free-Market Liberalism
Africa remains an enigmatic paradox: a continent rich in mineral resources yet so desperately poor. But the paradox is only superficial: Africa is poor because she is not free. Only 10 of the 54 African countries can be labeled economic success stories: Angola, Benin, Botswana, Ghana, Madagascar, Malawi, Mali, Mauritius, Uganda, and South Africa. This [...]
24Aug2011 | George B. N. Ayittey | 5 comments | ContinuedPoverty Is Easy to Explain
Academics, politicians, clerics, and others always seem perplexed by the question: Why is there poverty? Answers usually range from exploitation and greed to slavery, colonialism, and other forms of immoral behavior. Poverty is seen as something to be explained with complicated analysis, conspiracy doctrines, and incantations. This vision of poverty is part of the problem [...]
21Apr2011 | Walter E. Williams | 27 comments | ContinuedMaking Poor Nations Rich: Entrepreneurship and the Process of Economic Development
During the 2008 presidential campaign, a critic of then-candidate Barack Obama stated in a letter to the Wall Street Journal, “If he becomes president, I hope he hires some economists who understand why Great Britain, China, Hong Kong and South Korea all prospered when they let private industry rather than government allocate their country’s resources.” [...]
22Oct2010 | Robert Batemarco | 1 comment | ContinuedPhony Food Crisis
Green icon Paul Ehrlich is widely known for his absurdly inaccurate projections regarding population and food. Rarely does a doomsday projection pass by without his embracing it. But most of his previous false claims are forgotten, or ignored, by the anti-capitalist coalition of today. After all, Ehrlich made those claims in 1968, and that was [...]
27Jun2010 | James Peron | 1 comment | ContinuedNew Hope for Africa’s Most Populous Nation
When riots surrounding the Miss World beauty pageant in Nigeria claimed more than 200 lives last November, a horrified world thought it was observing religious fanaticism run wild. Widespread reports blamed the bloodshed on an article in a local newspaper, in which the author stated that if the prophet Mohammed were around today he might [...]
19Apr2010 | Lawrence W. Reed | 2 comments | ContinuedCorporate Land Grab in Africa
Much of the modern world has been shaped, alas, by governments’ grabbing land from peasants and yeomen, whose families had worked it for hundreds of years, in order to give it to the nobility or other privileged interests. As a result, many self-sufficient farmers became tenants of politically created absentee landlords. As Ludwig von Mises [...]
12Mar2010 | Sheldon Richman | 4 comments | ContinuedStarved for Science: How Biotechnology Is Being Kept Out of Africa
The escalating price of oil, the world’s growing population, and its increasing demand for food have all received blame for rising worldwide food prices. What is often overlooked is that a significant portion of the world’s population is unable to feed itself—because of politics. That is the greater, more frightening problem. Today much of Africa [...]
2Apr2009 | Daniel Sacks | 1 comment | ContinuedSomalia: Failed State, Economic Success?
By most measures Somalia has improved living standards faster than the average sub-Saharan African country since the government of Siad Barre collapsed in the early 1990s.
1Apr2009 | Benjamin Powell | 42 comments | ContinuedThe End of Poverty: Economic Possibilities for Our Time
By Jeffrey D. Sachs Reviewed by Jude Blanchette
1Mar2007 | FEE Admin | 1 comment | ContinuedAid, Trade, and Institutional Quality in Africa
Joshua Hall is pursuing his Ph.D. in economics at West Virginia University. Matthew Hisrich is a senior policy fellow with the Flint Hills Center for Public Policy in Kansas. Screenwriter Richard Curtis received a great deal of attention for his 2005 movie The Girl in the Café. The film was the big-screen component of the [...]
1Jan2007 | and Joshua C. Hall | 0 comments | ContinuedAfricans Whom Westerners Should Heed
At the G8 Summit in Scotland last July, hosted by Britains Tony Blair, European and North American politicians (all of them white) cried crocodile tears for the plight of black Africans. Echoing a gaggle of actors, rock stars, socialist ideologues, Third World dictators, and other learned economic-development
experts, they called for another transfer of wealth from developed nations to the undeveloped ones of Africawhich, by most measures, would seem to exclude no country on the continent.
Massive Foreign Aid Is the Solution to Africa’s Ills?
President Bush traveled to Africa in July. Those sympathetic to the President might say he went to show his charitable concern for the problems of Africa and his sincere care for the downtrodden of the world. But a less rose-tinted view might have shown an unprincipled but skillful political machine bolstering its image among centrist [...]
1Nov2003 | WILLIAM THOMAS | 0 comments | ContinuedWhy the Poor Need Property Rights
Early in the morning the streets below my flat would become a beehive of activity. Small stands were scattered everywhere, cramming every available inch of sidewalk. Small bundles of bananas, packets of tomatoes, or potatoes were for sale. Newspaper vendors grabbed the busy corners. Hawkers with every imaginable product had set up business. As the [...]
1Oct2002 | James Peron | 0 comments | ContinuedAfter That
“Somewhere in the world today walks the next Marx. But he is not a communist. . . . Nonetheless, he or she will attempt to seize upon the trends behind today’s headlines to shape a competitor to ‘American capitalism’ that the disenfranchised in nations around the world can embrace.” —DAVID ROTHKOPF1 David Rothkopf, chairman and [...]
1Jun2002 | Norman Barry | 2 comments | ContinuedThe Sorry Record of Foreign Aid in Africa
For almost half a century the countries of Africa have been awash in aid. Hundreds of billions of dollars have been given to African governments. More billions were lent to these same governments. Countless tons of food have inundated the continent, and swarms of consultants, experts, and administrators have descended to solve Africa’s problems.
1Aug2001 | James Peron | 5 comments | ContinuedThe End of U.N. Peacekeeping
The dismal experience of Sierra Leone has struck yet another blow against United Nations peacekeeping. America’s U.N. Ambassador, Richard Holbrooke, plaintively argues that Sierra Leone “is not a metaphor for UN peacekeeping.” But how could it be otherwise?
1Oct2000 | Doug Bandow | 0 comments | ContinuedAfrica in Chaos by George B. N. Ayittey
St. Martin’s Press • 1998 • 399 pages • $35.00 Mwangi Kimenyi is associate professor of economics at the University of Connecticut. George Ayittey is one of a few African scholars committed to advancing the ideals of classical liberalism. This is clearly demonstrated in his previous books, Indigenous African Institutions and Africa Betrayed. In Africa [...]
1Apr1999 | Mwangi S. Kimenyi | 1 comment | Continued-
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