Businessafrica.net Newsletter ISSN 1563-4108
Dr. QUENUM & ASSOCIATES
INVESTMENT AND BUSINESS PLANNERS

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MISLEADING ECONOMIC DOGMA AND MYTHS
TO BE DISCARDED IN AFRICA

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Achetez Africains, Refusez de Rester Pauvres!
Narrowness of The Consumer-base / Weak Purchasing Power /
What Creates The Consumer-base?
/ Are Regional Groupings The Answer? /
Level of State Involvement
/ We Have To Shed Off These Economic Dogma /
SOME PREVAILING ECONOMIC CONCEPTS
ARE HINDRANCES TO EFFICIENT DECISION MAKING PROCESS
IN SUB-SAHARAN AFRICAN COUNTRIES

© Copyright Dr. B.M. QUENUM July 15, 2002 - All rights reserved
SYNOPSIS


To make the right decision to coping with problems, leaders or managers, at government or corporate level need to start with flawless assumptions and well defined ideas.

Indeed, taking as assumptions false beliefs, politically correct majority opinion or plain baseless theoretical ideas could lead managers to making the wrong analysis and taking bad decisions. Consequently these wrong decisions may prove, in short or long term, devastating to the profit making potential of the company or the country.


For instance the basic concept that initiated the New Partnership For Africa's Development - NEPAD - is Regional Development.

NEPAD' sponsors are convinced Regional Development is the solution to solving the developing gap existing between Africa and the rest of the world. The Regional Development concept itself arising from the alleged "weak" purchasing power of the population in each individual African country.


Could we adhere to that conceptual analysis and accept it as a valid foundation to promoting the economic development of the continent? Are we sure doing so we Africans are not taking the wrong road? A misleading road on which we will wander for a long time without reaching the haven of prosperty?

This delivery is a contribution to the debate.

Here are considered, analyzed and exposed some prevailing economic basic ideas, currently accepted by African decision-makers, which are, in our point of view, misleading and hindrances on the road to proper economic planning for Africa's emerging nations. Such as the alleged "narrowness" of national consumer base in each individual African country and the state's involvement into the developing process.

Searching for the accurate and flawless definition of basic ideas before any human undertaking is the sure recipe to success. Otherwise all efforts are just waste of time and end in painful failure - not to speak of disaster.


This article, is a continuation to previous delivery titled: Strategy for African Countries - available here -. It adds more arguments to demonstrating why we strongly believe in "The African Renaissance" as here discussed.

- Click here for the continuation of the article.
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