African Socialism
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African Socialism
African socialism or Afrosocialism is a belief in sharing economic resources in a traditional African way, as distinct from classical socialism. Many African politicians of the 1950s and 1960s professed their support for African socialism, although definitions and interpretations of this term varied considerably. These politicians include Julius Nyerere of Tanzania, Kwame Nkrumah of Ghana, and Modibo Keita of Mali, among others. Origins and themes As many African countries gained independence during the 1960s, some of these newly formed governments rejected the ideas of capitalism in favour of a more afrocentric economic model. Leaders of this period professed that they were practising "African socialism". Julius Nyerere of Tanzania, Modibo Keita of Mali, Léopold Senghor of Senegal, Kwame Nkrumah of Ghana and Sékou Touré of Guinea, were the main architects of African Socialism according to William H. Friedland and Carl G. Rosberg Jr., editors of the book ''African Socialis ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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Economic History Of Ghana
Economic history of Ghana details the economic situation of Ghana since pre-colonial times to date. Pre-independence Endowed with gold and oil palms and situated between the trans-Saharan trade routes and the African coastline visited by successive European traders, the area known today as Ghana has been involved in all phases of Africa's economic development during the last thousand years. As the economic fortunes of African societies have waxed and waned, so, too, have Ghana's, leaving that country in the early 1990s in a state of arrested development, unable to make the "leap" to Africa's next, as yet uncertain, phase of economic evolution. As early as the thirteenth century, present-day Ghana was drawn into long-distance trade, in large part because of its gold reserves. The trans-Saharan trade, one of the most wide-ranging trading networks of pre-modern times, involved an exchange of European, North African, and Saharan commodities for the products of the African savann ...
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Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes hav ...
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State Bank
A state bank is generally a financial institution that is chartered by a federated state, as opposed to one regulated at the federal or national level. State banks differ from a reserve bank in that it does not necessarily control monetary policy (the state in question may have no legal capacity to create monetary policy), but instead usually offers only retail and commercial services. United States In the United States, the terms "state-chartered bank" or "state-chartered savings bank" are used in contradistinction to "national bank" or "federal savings bank", which are technically chartered across all US states. A national bank must have "National" or "N.A." in its corporate name, a Federal Savings Bank must have "Federal" or "F.S.B." in its name, while a state chartered bank cannot have "National" or "Federal" in its name. All national banks and savings institutions are chartered and regulated by the Office of the Comptroller of the Currency. State banks are chartered and reg ...
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Monetary System
A monetary system is a system by which a government provides money in a country's economy. Modern monetary systems usually consist of the national treasury, the mint, the central banks and commercial banks. Commodity money system A commodity money system is a monetary system in which a commodity such as gold or seashells is made the unit of value and physically used as money. The money retains its value because of its physical properties. In some cases, a government may stamp a metal coin with a face, value or mark that indicates its weight or asserts its purity, but the value remains the same even if the coin is melted down. Commodity-backed money One step away from commodity money is "commodity-backed money", also known as "representative money". Many currencies have consisted of bank-issued notes which have no inherent physical value, but which may be exchanged for a precious metal, such as gold. (This is known as the gold standard.) The silver standard was widespread a ...
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Reactionary
In political science, a reactionary or a reactionist is a person who holds political views that favor a return to the ''status quo ante'', the previous political state of society, which that person believes possessed positive characteristics absent from contemporary society. As a descriptor term, ''reactionary'' derives from the ideological context of the left–right political spectrum. As an adjective, the word ''reactionary'' describes points of view and policies meant to restore a past ''status quo ante''.''The New Fontana Dictionary of Modern Thought'' Third Edition, (1999) p. 729. In ideology, reactionism is a tradition in right-wing politics; the reactionary stance opposes policies for the social transformation of society, whereas conservatives seek to preserve the socio-economic structure and order that exists in the present. In popular usage, ''reactionary'' refers to a strong traditionalist conservative political perspective of a person opposed to social, political, and ...
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Ivory Coast
Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is the port city of Abidjan. It borders Guinea to the northwest, Liberia to the west, Mali to the northwest, Burkina Faso to the northeast, Ghana to the east, and the Gulf of Guinea (Atlantic Ocean) to the south. Its official language is French, and indigenous languages are also widely used, including Bété, Baoulé, Dioula, Dan, Anyin, and Cebaara Senufo. In total, there are around 78 different languages spoken in Ivory Coast. The country has a religiously diverse population, including numerous followers of Christianity, Islam, and indigenous faiths. Before its colonization by Europeans, Ivory Coast was home to several states, including Gyaaman, the Kong Empire, and Baoulé. The area became a protectorate of France in 1843 ...
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Lenin Peace Prize
The International Lenin Peace Prize (russian: международная Ленинская премия мира, ''mezhdunarodnaya Leninskaya premiya mira)'' was a Soviet Union award named in honor of Vladimir Lenin. It was awarded by a panel appointed by the Soviet government, to notable individuals whom the panel indicated had "strengthened peace among comrades". It was founded as the International Stalin Prize for Strengthening Peace Among Peoples, but was renamed the International Lenin Prize for Strengthening Peace Among Peoples (russian: Международная Ленинская премия «За укрепление мира между народами», ''Mezhdunarodnaya Leninskaya premiya «Za ukrepleniye mira mezhdu narodami»'') as a result of de-Stalinization. Unlike the Nobel Prize, the Lenin Peace Prize was usually awarded to several people a year rather than to just one individual. The prize was mainly awarded to prominent Communists and supporters of the ...
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Modibo Keïta
Modibo Keïta (4 June 1915 – 16 May 1977) was the first President of Mali (1960–1968) and the Prime Minister of the Mali Federation. He espoused a form of African socialism. Youth Keïta was born in Bamako-Coura, a neighborhood of Bamako, which was at the time the capital of French Sudan. His family were Malian Muslims who claimed direct descent from the Keita dynasty, the founders of the medieval Mali Empire. His nickname after primary schooling was Modo. He was educated in Bamako and at the école normale William-Ponty in Dakar, where he was top of his class. Beginning in 1936, he worked as a teacher in Bamako, Sikasso and Tombouctou. He married Mariam Travélé, who was also a teacher, in September 1939. Entering politics Modibo Keïta was involved in various associations. In 1937, he was the coordinator of the art and theater group. Along with Ouezzin Coulibaly, he helped found the Union of French West African Teachers. Keïta joined the Communist Study Groups ...
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Ahmed Sékou Touré
Ahmed Sékou Touré (var. Sheku Turay or Ture; N'Ko: ; January 9, 1922 – March 26, 1984) was a Guinean political leader and African statesman who became the first president of Guinea, serving from 1958 until his death in 1984. Touré was among the primary Guinean nationalists involved in gaining independence of the country from France. A devout Muslim from the Mandinka ethnic group, Sékou Touré was the great grandson of the powerful Mandinka Muslim cleric Samori Ture who established an independent Islamic rule in part of West Africa. In 1960, he declared his Democratic Party of Guinea (''Parti démocratique de Guinée'', PDG) the only legal party in the state, and ruled from then on as a virtual dictator. He was re-elected unopposed to four seven-year terms in the absence of any legal opposition. Under his rule many people were killed, including at the notorious Camp Boiro. Early career Sékou Touré was born on January 9, 1922, into a Muslim family in Faranah, Fren ...
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Marxism–Leninism
Marxism–Leninism is a communist ideology which was the main communist movement throughout the 20th century. Developed by the Bolsheviks, it was the state ideology of the Soviet Union, its satellite states in the Eastern Bloc, and various countries in the Non-Aligned Movement and Third World during the Cold War, as well as the Communist International after Bolshevisation. Today, Marxism–Leninism is the ideology of the ruling parties of China, Cuba, Laos and Vietnam (all one-party 'socialist republics'), as well as many other communist parties, while the state ideology of North Korea is derived from Marxism–Leninism. Marxist–Leninist states are commonly referred to as "communist states" by Western academics. Marxism–Leninism holds that a two-stage communist revolution is needed to replace capitalism. A vanguard party, organized through " democratic centralism", would seize power on behalf of the proletariat and establish a one-party socialist state, called the dict ...
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Africanists
African studies is the study of Africa, especially the continent's cultures and societies (as opposed to its geology, geography, zoology, etc.). The field includes the study of Africa's history (pre-colonial, colonial, post-colonial), demography (ethnic groups), culture, politics, economy, languages, and religion (Islam, Christianity, traditional religions). A specialist in African studies is often referred to as an "africanist". A key focus of the discipline is to interrogate epistemological approaches, theories and methods in traditional disciplines using a critical lens that inserts African-centred “ways of knowing” and references. Africanists argue that there is a need to "deexoticize" Africa and banalise it, rather than understand Africa as exceptionalized and exoticized.Mamdani, M. (1996), Chapter 1 from Mamdani, M., ''Citizen and Subject: contemporary Africa and the legacy of late colonialism''. African scholars, in recent times, have focused on decolonizing African st ...
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