Monday, December 06, 2010
Cato published a new, short paper on Africa today, "Why Is Africa Poor?" by Greg Mills of the Brenthurst Foundation in South Africa. Mills lays the blame for sub-Saharan Africa’s underdevelopment on its elites. Sub-Saharan African countries have not fulfilled their potential since independence. While other developing countries and regions have grown over the past 50 years, much of Africa has stagnated. African leaders have become adept at externalizing blame, holding others responsible for Africa’s failings. Yet African leaders — not a lack of capital, access to world markets, or technical expertise — are to blame for the continent’s underdevelopment.