Political Science 3364F/G Lecture Notes - Capitalism, Absorptive Capacity, Functional Illiteracy
27 Jan 2013
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Document Summary
Africa"s disastrous postcolonial economic record provides overwhelming evidence that the state controlled socialist economic model can never be used to develop africa successfully. Some state enterprises were expected to turn a profit and at the same time generate employment. Economic progress suffers whenever an activity is transferred by yhr state from productive into unproductive and inefficient hands. In this era of globalization, efficiency ought to be of prime consideration. The disbarment of foreign nationals provided many african governments with the rationale to create employment for their nationals and party supporters. The basic cause off the present weakness of the corporation is political in nature. There has been a rather consistent tendency on the part of african leaders to select development projects that emphasize grandeur rather than economy. The civil service is characterized by low morale, lack of discipline. Reform of the government machinery never materialized.
