Unleashed: A New Paradigm of African Trade with the World
Official Synopsis of “Unleashed: A New Paradigm of African Trade with the World”
Unleashed: A New Paradigm of African Trade with the world is a socio-political-economic discourse of how to rid African countries of the scourge of poverty through vigorous export oriented Industrialization (strategy) that will create jobs for hundreds of millions of African workers. The suggested structural shift is based on African countries converting to export-oriented economies through promoting tourism, conversion of raw materials for export industries and manufacturing for export industries. The book discusses the subject through the lens of trade and development.
The narrative is broken down into three sections. In the first section, the book looks at the main reason for the core challenges facing African countries. It reviews some historical context of Africa in global trade, including the dominance of western chartered companies in the medieval era.It examines the effect of the clash of cultures on Africa and how the technical superiority in weapons, transportation, navigation and a superior cultural order overwhelmed Africa.
In the second section, the book reviews the rise of Asian Tigers and analyzes the relevance and transferability of specific qualities in the rise of Tiger economies to African countries. Particular attention is given to the phenomenal transformation of China and the decisions that led to it. Like the experience of the Asian Tigers, Unleashed propounds that African countries should vacate the status-quo of waiting to see what the world is willing to let them do, instead striving aggressively to deploy the sum total of every competitive advantage at their disposal. In order to compete and wrest global market share in (a) contract manufacturing and processing; (b) consumer produce for export; (c) manufacturing Western fashion, sports apparel and footwear for export; (d) alcoholic beverages for export; (e) global tourist travel; (f) consumer agricultural products (such as potatoes, mushrooms, carrots, herbs and spices, sundry vegetables etc.); and (g) services such as customer service processing centers, etc. This is where the future prosperity of African nations lie and every country from the smallest to the greatest can partake and prosper.
In part three the book reviews a series of opportunities to transform the economies of African countries. It analyzes the institutions and policies necessary to create competitive societies. It challenges African leaders to address the fissures of service delivery and dependability as well as the legal framework necessary to assure safety of capital in their economies. Finally the section shares information about trade and financial engineering models that will increase the flow of industrial projects to every country. The greatest challenge facing African countries is a dearth of resources with which to prosecute socio-economic aspirations. Unleashed: A New Paradigm of African Trade with the World proffers a pathway whereby African nations may overcome that challenge by engineering self-funding transition. From (1) economies which are import dependent to export-oriented; and (2) which export raw materials to ones that convert those materials to value added export goods.
The message of the narrative if properly disseminated will change how many African governments do business and unleash the potential of hundreds of millions of people in the countries of the continent. If the “genie of ideas” releases a formula that will begin transformational change in the economic prospects of the countries of Africa, it is safe to say that the accretive value will be felt not only by in Africa but will in fact reverberate throughout the world.