It is easier, and makes more short-term sense, to embrace the global market than to try to build industries from the ground up. ... Due to imported ideas of trade, the development of the use of a standardized common currency has limited barter exchange and subsistence trade (primary components of pre-colonial African economies) within African societies. ...
It is easier, and makes more short-term sense, to embrace the global market than to try to build industries from the ground up. ... Due to imported ideas of trade, the development of the use of a standardized common currency has limited barter exchange and subsistence trade (primary components of pre-colonial African economies) within African societies. ...
Explaining Development in Africa: An Analysis of Three Approaches While the modernization approach "presented a hopeful general framework of progressive development," and the statist theory "[reassesses] the role of the state and pinpoints the effects of political frailty and mismanagement," the...
One factor that must be argued to have contributed to the collapse of the European Empires was a new sense of nationalism in colonised territories. ... The nationalist power that was strong in Indochina meant any French return was an inevitable conflict.3 Considering that Indochina was already a land of two different cultures, it is no surprise that nationalism was on the rise, having been already indigenous peoples living there with their own traditions and always having a sense of pride of their heritage. ... According to Macmillan, there was a common belief that the British had lost the wil...
