Rethinking Economics: The African Way – By Dr. Chukwuemeka Ifegwu Eke
Rethinking Economics: The African Way When African culture and philosophy drive economics, we can expect to see a unique blend of traditional values and modern economic principles. This integration has the potential to create a more holistic, community-driven, and sustainable economic system. Ubuntu Economics is a key concept in this context. It emphasizes community and collective well-being, prioritizing social welfare and mutual support. Economic decisions are guided by principles of solidarity and cooperation, fostering a sense of interconnectedness and interdependence. Afrocentric Economic Development is another crucial aspect. It focuses on indigenous knowledge systems and local resources, promoting cultural heritage and…
