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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Economic Empowerment in Sub-Saharan Africa during and after the Colonial Era
Author:Nkuhlu, W.L.
Year:1989
Periodical:Africa Insight
Volume:19
Issue:4
Pages:233-240
Language:English
Geographic term:Subsaharan Africa
Subjects:economic dependence
economic policy
Economics and Trade
Women's Issues
colonialism
History and Exploration
Abstract:The major economic objective of all nation-States is to increase the gross domestic product as fast as possible while at the same time ensuring that the increase in wealth primarily benefits their own citizens. These objectives are pursued in different countries in different ways. In most Third World countries the economic empowerment of nationals is regarded as an important element of national strategy. This article looks at selected economic empowerment initiatives in sub-Saharan Africa (excluding South Africa and Namibia). During colonialism the economic empowerment of Africans was not a priority. After independence it was thought that once a country's resources were in the hands of nationals, it would be easy to improve the nation's standard of living through rapid socioeconomic development. Priority was given to restrictions on foreign investment, direct involvement of governments in business activities, the rapid Africanization of senior positions in government departments, State corporations and nationalized businesses, and education. The result of these initiatives, however, has been that the dependence of Africa on developed countries has increased. The author suggests a few measures which would bring sub-Saharan Africa back on to its original path. App., note, ref.
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