AFRICA: How free enterprise is transforming Africa*

After more than 50 years of the West trying to kick-start economic growth in Africa by showering the Dark Continent with aid, Africa is finally growing — not because of aid, but because of private enterprise. Of course, growth is not uniform, and some economies which should be doing well aren’t doing well at all.
Lord Peter T. Bauer (1915-2002), a Hungarian-born conservative British economist, set out the pathway for development in Africa when he said that economic development d…

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