Indigenous Solutions: The Free Market, Free Trade and Free Enterprise Traditions
beninmw | April 30, 2008 at 09:37 pmby
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George B.N. Ayittey
The Free Market, Free Trade and Free Enterprise Traditions
Africa's indigenous economic system is probably the area least understood. The myth of "hunters and gatherers" persists; giving the impression that Africa had no economic institutions or culture before contact with the Europeans. Trade and exchange were supposedly unknown, since self-sufficiency and subsistence farming were the operative commands. Books on precolonial Africa dwelt excessively on the "backwardness" of African technology. But Africa did have economic institutions.
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