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Good Growth and Governance in AfricaRethinking Development Strategies$
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Akbar Noman, Kwesi Botchwey, Howard Stein, and Joseph E. Stiglitz

Print publication date: 2011

Print ISBN-13: 9780199698561

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199698561.001.0001

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States and Markets: Neoliberal Limitations and the Case for a Developmental State

States and Markets: Neoliberal Limitations and the Case for a Developmental State

Chapter:
(p.140) 5 States and Markets: Neoliberal Limitations and the Case for a Developmental State
Source:
Good Growth and Governance in Africa
Author(s):

Meles Zenawi

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199698561.003.0005

The political and economic renaissance of Africa is an issue that continues to preoccupy Africans and non-Africans alike. Various methods of achieving such a renaissance have been proposed. Most of these proposals are variations of the dominant neoliberal paradigm of development. The argument of this chapter is that the neoliberal paradigm is a dead end, and that a fundamental shift in paradigm is required to bring about the African renaissance. African states need to move away from that paradigm and towards becoming developmental in the sense and manner sketched here.

Keywords:   states, neoliberal, developmental, African renaissance

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