| Abstract: | This paper investigates the debt position of sub-Saharan Africa, the causes of the debt crisis, and some of the suggestions made to solve the crisis. Focusing on internal causes, the author argues that the inability to adjust quickly to changes in the international economic environment must be seen as the main cause of the debt crisis. The reasons for this inability to react quickly to shocks include intellectual inflexibility, bad management, political inflexibility, and the neglect of indigenous African values. A first and most important step is for Africans to adopt management techniques which help them to identify possible shocks. A prerequisite is the integration of indigenous African values into their way of thinking. The next problem to tackle is inherent in prognosing the future in Africa. Strategic management must draw up different future scenarios. Finally, experts must be trained who are at home in both Western modernity and African values. Ref. |
AfricaBib 
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Leiden University catalogue
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