Africa’s low score in the economic development and growth Agenda
By Isaac Twumasi-Quantus in Accra.
Over the weekend, I have been thinking about what role leadership and business management should play in catapulting Africa to meet the development challenges it faces today. Because I see the problem this way that the low levels and lack of sustainable wealth creation in Africa is directly attributable to failure in management and leadership.
Let me begin by wrestling with a paradox: Why should Africa be experiencing such low rates of wealth creation and yet the Continent is so resource rich? Why should Africa fall short of achieving the UN Millennium Development Goals?
We are aware that there are raging arguments all over Africa and around the world between the so called ‘Internalists’ and ‘Externalists’ whose major preoccupation is to diagnose whether Africa’s unsatisfactory performance is caused by internal or external exogenous factors.
However, as we continue to argue amongst ourselves and as we listen to others argue, former colonies such as Mauritius, Korea, India, Hong Kong, Singapore and Thailand and some of which are our age mates in terms of colonial and independence history, have their economies firing from all pistons.
I propose that we should take cognizance of the fact that for Africa to move forward in its economic development and growth Agenda, the Continent will have to be firmly anchored on the proverbial three legged African stool comprising Public, Private Sector Partnership and the citizenry; a partnership that flourishes best in situations where societies are driven by proper governance structures, democratic ideals and a pronounced sense justice and equity.
This article was originally posted on West Africa Business Communities
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