African Problems

This Book deals with the general problem of African development. It contends that “there is no curse on Black Africa,” and it goes on to elucidate the special aspects of African development. The author rightly places blame on the Western powers for their lack of concern with African development. He blames them for certain worthless installations, typified by the many Fonds d’Investissement pour le Developpement economique et social, which independent Africa was forced to inherit. While admitting that African countries are receiving a large amount of public funds from the Western nations, he notes that its usefulness is minimized by the outflow of capital through business and trade imbalances and the sums repatr...