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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa? -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (617)10/17/2006 10:05:01 AM
From: Frank A. Coluccio  Read Replies (1) | Respond to of 1267
 
Hi Tim,

Thanks for that pointer to the report by Rodrik. My daughter doesn't know it yet, but she's going to be printing it out for me at work and returning it to me this evening ;)

re: Why hasn't South Africa done well?

In response to the question asked, I think that the domain name of the site on which this paper is published is telling, in itself: "Marginal Revolution." As in:

marginalrevolution.com

It fits to some degree the explanation that I've been contemplating for several days, ever since reading Eric Beinhocker's newly published work: "The Origin of Wealth." You may have seen my earlier reference to it here:
Message 22831068

Details on Amazon at:
amazon.com

I'm curious as to whether anyone in this forum has read the book or has any intentions of reading it. In any event, my first take of the book, based on the hearsay of several discussions that I observed on an online symposium caused me to dispel any notions of relevance that it purported, since the author's mission seemed to me, at first, to be one of evangelism over what he calls "Complexity Economics." Later, however, I obtained a copy and found it to be anything but irrelevant, especially in some areas of special interest that I possess, which was a pleasant surprise. I'll read-type a paragraph from Ch.1 that sets the stage for where my thinking is taking me. The "(fac: ... )" note that it contains is my own:

"To summarize 2.5 million years of economy history in brief: for a very, very, very long time not much happened; then all of a sudden, all hell broke loose. It took 99.4% of economic history to reach the wealth levels of the Yanomamo (fac: one of the few remaining examples of tribal life led by hunter-gatherers in the Amazon region, near-totally unaffected by modern "civilization"), 0.59% to double that level by 1750, and then just 0.01% for global wealth to leap to the levels of the modern world. Another way to think of it is that over 97% of humanity's wealth was created in just the last 0.01% of our history. As the economic historian David Landes describes it, "the Englishman of 1750 was closer in material things to Caesar's legionnaires than to his own great grandchildren."

I think that his reference to "the Englishman of 1750" is tres a propos to this discussion, don't you think? Is there anything, after reading the passage above, that jumps off the page leading one to begin inferring why some peoples of the world don't "take" very readily, much less very kindly, to the expectations that are set by others who are of an outside cultural persuasion? And, if they do momentarily adapt to relatively robotic roles when forced or cajoled by oppressive means, why those roles may not be self-sustaining on a free-running basis? Through examining the latter questions one may begin to infer where my thought processes have taken me in response to why certain locales, or regions, of the world that did not advance their civilizations through their own spoken and written legacies, and who did not engage in an evolution of global trading (implying, through the use of skills and technologies that they developed and used), are not adapting to the rigors of modern economic life as many on the planet would wish. Thoughts?

FAC