Political Science 3205F/G Chapter Notes -Revolving Credit
27 Jan 2013
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Document Summary
The object of economic development is to raise the living standard of the average african. There is a treasure trove of valuable knowledge embedded in atinga"s traditional system that the elite can discover, extract and still use. The fancy gadgetry the elites imported for africa"s development journey has all gone belly up. African peasant farmers do need better technology to increase their productivity but the operative principle here should be keep it simple stupid. The important considerations here are practicality, functionality, economy and results. The village model starts at the village level with the assumption that there is peace, order and economic freedom. Capital can be raised through participation in and modernization of existing revolving credit schemes microfinance. The vast majority of africa"s conflicts are intra-state in origin, they are about political power power to plunder resources. Africas own indigenous conflict resolution mechanism provides a better approach.
