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Ten Reasons Why Sub-Saharan Africa Has Failed to Develop Economically: Can Africans Succeed by Themselves?
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Ten Reasons Why Sub-Saharan Africa Has Failed to Develop Economically: Can Africans Succeed by Themselves? (Hardback)

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The focus of most traditional economic development textbooks is on the basic inputs in a production function - labor, capital, technical progress and how they are mixed and adjusted to achieve a desired level of output or economic growth. However, a shift in emphasis of economic development textbooks is in the offing due to the realization that when output does not respond to increasing inputs, other factors must be examined. Economists are now realizing that these "other factors" which hitherto had been dumped in the residual or error term in regression analysis, are equally important determinants of economic growth. This book therefore focuses on these "other factors" which are largely neglected in major traditional textbooks on economic development, and they, among others, include culture, political instability, corruption, foreign aid, and brain drain. The impact of these variables on the economic development or the lack thereof in sub-Saharan African (SSA) will be explored in such a detail that enables a better understanding of the precarious situation of SSA and the way forward.

In the next few years, the emphasis on these "other factors" would be just as important as the traditional emphasis on the inputs of labor, capital and technical progress.

BusinessEconomicsDevelopment economics Publisher: The Edwin Mellen Press Publication Date: 01/10/2015 ISBN-13: 9781495503627  Details: Type: Hardback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Dr. Dal Didia received his Ph.D. from the State University of New York at Binghamton. He presently serves as Professor and Interim Chair in the Department of Economics, Finance and General Business at Jackson State University, Mississippi.

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