Applied Economics for Africa: A book of Economics by Prof. George B. N. Ayittey, PhD
Applied Economics for Africa is a textbook that introduces and explicates economics from an African perspective. It is what we need to understand the history of the continent’s economic shortcomings and the way forward for economic liberation.
According to Dr. Charles Mensa, President, Institute of Economic Affairs, Accra, Ghana, “the degree of economic literacy among African students, teachers, and policymakers is appallingly low. It has resulted in serious and avoidable mistakes and damage to many postcolonial African Economic… Applied Economics for Africa is long overdue and timely. It is a serious attempt to ratchet up economic literacy and thereby help to arrest Africa’s economic decline and remedy earlier damage caused by misguided economic policies.”
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George Ayittey was born on 13 October 1945. He is an economist, author and president of the Free Africa Foundation in Washington DC. He is a former professor at American University, and an associate scholar at the Foreign Policy Research Institute.
He has championed the argument that “Africa is poor because she is not free”, that the primary cause of African poverty is less a result of the oppression and mismanagement by colonial powers, but rather a result of modern oppressive native autocrats and socialist central planning policies. He also goes beyond criticism of the status quo to advocate for specific ways to address the abuses of the past and present; specifically he calls for democratic government, debt reexamination, modernized infrastructure, free market economics, and free tradeto promote development.