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Economics is full of surprises. Its foundations might at first glance seem counterintuitive, but they have proved themselves true, again and again in practice. People in countries where citizens and their governments understand economics have higher standards of living and more personal liberty than do people who have the misfortune to live in countries where these principles are ignored or misunderstood.
Dr. George Ayittey understands these principles, and Applied Economics for Africa shows exactly how ignoring them has contributed to the struggles Africa faces today. This book demonstrates that the key to Africa’s development lies in building upon “its own indigenous heritage of participatory democracy based upon consensus (under the chiefs), free village markets, and free enterprise.”
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