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African Political Economy and The Quest for Free Market: Challenges andProspects

机译：非洲政治经济学与对自由市场的追求：挑战与前景

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It is germane to state that communism to a market economy in the former Soviet Union and Eastern Europe has not gone down well in many aspects that could lead to growth and development in Africa but its movement in China and Vietnam has performed tangibly beyond expectation. Worthy to note is that Africa witnessed high level of stagnation in the beginning of the century of the post-colonial period and in recent time, there has been a competition between population and poverty reduction; the percentage in poverty has gone down, but the absolute numbers of impoverished have increased. The ostensible behind this piece is to assess the efforts of African states in their quest for achieving free market economy. This paper applied qualitative method of data collection while globalization theory was used as a basis of its analysis. The paper reveals that globalization has been a mixed blessing in this aspect as it plays an important role both in the successes and failures. It concludes that these dramatic economic events have not surprisingly been accompanied by a high level of intellectual ferment. It recommended among others that, new policies for alleviating poverty in order to ensure growth and development, such as conditional cash transfers and micro-lending as introduced be implemented to the fullest to ensure poverty is actually reduced to minimal level.
机译：指出前苏联与东欧的市场经济的共产主义在许多方面未能很好地下降，这可能会导致非洲的增长和发展，但它在中国和越南的运动取得了超出预期的实际效果，这是很贴切的。值得指出的是，非洲在后殖民时期的世纪初出现了高度停滞，最近一段时间，人口与减贫之间存在竞争。贫困率下降了，但是贫困人口的绝对数量却增加了。这件作品背后的表象是评估非洲国家为实现自由市场经济所做的努力。本文采用定性的数据收集方法，以全球化理论为基础进行分析。本文揭示了全球化在这方面是喜忧参半的，因为它在成功与失败中都起着重要作用。结论是，这些戏剧性的经济事件并没有令人惊讶地伴随着高水平的知识分子发酵。它建议，除其他外，应最大限度地执行旨在确保增长和发展以减轻贫困以确保增长和发展的新政策，例如有条件的现金转移和小额贷款，以确保实际上将贫困减少到最低水平。

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