Philosophical Discourses on Economic Governance: An African Perspectives

  • Emerson Abraham JACKSON Centre of West African Studies, University of Birmingham, United Kingdom, and Economic Assistance Unit, Governors’ Office, Bank of Sierra Leone, Freetown, Sierra Leone https://orcid.org/0000-0002-2802-6152

Abstract

This paper offers a comprehensive analysis of African perspectives on economic governance from a philosophical viewpoint. The study highlights the importance of incorporating African philosophical perspectives in economic governance and provides insights into the challenges and opportunities for economic governance in Africa. It also provides policymakers with valuable insights into the key factors that influence economic governance in Africa and highlights the necessary policy interventions required to improve economic governance in the region. Additionally, the study offers directions for future research, emphasizing the need for further research on the relationship between African philosophical perspectives and economic governance, as well as comparative studies of economic governance in different regions. Overall, this study contributes to the knowledge base on economic governance in Africa and provides important insights for policymakers and practitioners seeking to improve economic governance in the region.


 

References

[1] Agbese, P. E., and Ofuafor, T. K. 2020. A comparative study of economic governance in China and Nigeria. Journal of Asian and African Studies, 55(3), 370-384, 2020.
[2] Ahmad, A. R., and Ali, S. 2018. Economic governance and sustainable development. Routledge: USA. Paperback.
[3] Ajayi, S. I., Fadiran, G., and Adelowokan, O. A. 2020. Comparative analysis of economic governance in Nigeria and South Africa. International Journal of Economics, Commerce and Management, 8(9): 86-102.
[4] Ake, C. 2003. Democracy and development in Africa. Brookings Institution Press: USA. Paperback.
[5] Ali, A., and Isse, H. S. 2016. Corruption and economic growth: empirical evidence from African countries. Journal of African Business, 17(17): 35-51.
[6] Asongu, S. A., and Odhiambo, N. M. 2020. Financial Access, Governance and Insurance Sector Development in Sub-Saharan Africa. Journal of Economic Studies, 47(4): 849-875.
[7] Asongu. S.A. 2019. Foreign Aid, Instability, and Governance in Africa. Politics and Policy, 47(4): 807-848, DOI: https://doi.org/10.1111/polp.12320
[8] Chang, H.-J., and Lee, J. 2020. How to reboot the economy after the COVID-19 crisis. Foreign Affairs, 99(4): 60-70.
[9] Daly, H. E., and Farley, J. 2011. Ecological economics: Principles and applications. Island Press: USA. Paperback.
[10] Folbre, N. 2019. The care economy: Gender, class, and employment. Polity: USA. Paperback.
[11] Fosu, A.K. 2018. Governance and Development in Africa: A Review Essay. Working Paper Series, No. 298, 1-24.
[12] Gbadegesin, S., and Adesina, F. A. 2021. Indigenous knowledge systems and sustainable development in Africa. In, J. Leal Filho et al. (Ed’s.): Handbook of sustainability science and research, 1-14. Springer: USA. Paperback.
[13] Goodwin, C.D. 1967. Economic Analysis and Development in British West Africa. The University of Chicago Journal Press, 15(4): 438-451.
[14] Harvey, D. 2005. A brief history of neoliberalism. Oxford University Press: United Kingdom. Paperback.
[15] Hopkins, A. G. 1973. An economic history of West Africa. Columbia University Press: USA. Paperback.
[16] Jackson, E.A. 2016. Phronesis and Hermeneutics: The Construct of Social / Economic Phenomenon and their Interpretation for a Sustainable Society. Economic Insights – Trends and Challenges, 8(2): 1-8.
[17] Jackson, E.A. 2020. Fostering sustainable innovation through creative destruction theory. In: Leal Filho, Azul, A, Brandli, L., and Ozuyar (Ed’s.), Industry, Innovation, and Infrastructure. Encyclopedia of the UN Sustainable Development Goals, 1-17. Springer, Cham.
[18] Jackson, E.A. 2023. Rethinking Epistemology: Narratives in Economics as a Social Science. Theoretical and Practical Research in the Economic Field, 14(1): 164-174. DOI: https://doi.org/10.14505/tpref.v14.1(27).13
[19] Jackson, E.A., and Jackson, J. 2021. Global Perspectives on Gender Sensitivity and Economic Benefits. In: Leal Filho, W., Marisa Azul, A., Brandli, L., Lange Salvia, A., Wall, T. (Ed’s.), Gender Equality. Encyclopedia of the UN Sustainable Development Goals, 1-15. Springer, Cham. DOI: https://doi.org/10.1007/978-3-319-95687-9_61
[20] Kaufmann, D., and Kraay, A. 2002. Governance and growth: Causal relationship with evidence from the colonial times to the present. The World Bank.
[21] Kinni, F.K. 2015. Pan-Africanism: Political Philosophy and Socio-Economic Anthropology for African Liberation and Governance. Langaa RPCIG: Cameroon. Paperback.
[22] Mahroum, S., and Shehu, H. E. 2018. Political stability and economic growth in North Africa: An empirical investigation. Cogent Economics and Finance, 6(1): 1-16.
[23] Mauro, P. 1998. Corruption and the composition of government expenditure. Journal of Public Economics, 69(2): 263-279.
[24] Mazzucato, M. 2020. The COVID-19 pandemic is a dress rehearsal for climate change. Scientific American, 323(4): 20–25.
[25] Mkandawire, T. 2001. Thinking about developmental states in Africa. Cambridge Journal of Economics, 25(3): 289-313.
[26] Mo Ibrahim Foundation, (2020). Ibrahim Index of African Governance. Available at: https://mo.ibrahim.foundation/iiag/
[27] Muigua, M. 2021. Revisiting the Place of Indigenous Knowledge in the Sustainable Development Agenda in Kenya. Journal of cmsd, 7(2), 1-34.
[28] Ndulu, B. J. 2007. Challenges of African Growth: Opportunities, Constraints, and Strategic Directions. University of Nairobi Press: Uganda. Paperback.
[29] Raworth, K. 2017. Doughnut economics: Seven ways to think like a 21st-century economist. Chelsea Green Publishing: USA. Paperback.
[30] Sen, A. 1999. Development as freedom. Oxford University Press: United Kingdom. Paperback.
[31] Slipowitz, A., Vuletin, G., and Pozuelo, J.R. 2016. Democracy does cause growth. VOXEU – CEPR, 124(3): 914-945.
[32] Stiglitz, J. E. 2019. People, power, and profits: Progressive capitalism for an age of discontent. W.W. Norton and Company: USA. Paperback.
[33] Suleiman, S.H., and Suleiman, N.N. 2018. Trade Openness and Economic Growth in East African Community (EAC) Member Countries. Journal of Economics and Sustainable Development, 8(20): 161-169.
[34] Van Norren, D.E. 2022. African Ubuntu and Sustainable Development Goals: Seeking Human Mutual relations and services in development. Third World Quarterly, 43(12): 2791-2810.
[35] African Development Bank. 2018. African economic outlook, African Development Bank.
[36] UNCTAD. 2018. Economic development in Africa report 2018: Migration for structural transformation. United Nations Conference on Trade and Development.
[37] UNCTAD. 2020. Economic development in Africa report 2020: Tackling illicit financial flows for sustainable development in Africa. United Nations Conference on Trade and Development.
[38] UNECA. 2017. Strengthening economic governance in Africa Lessons on audit from Brazil, Russia, India, China and South Africa. United Nations Economic Commission for Africa.
[39] UNECA. 2019. Assessing regional integration in Africa VII: Innovation, competitiveness, and regional integration. United Nations Economic Commission for Africa.
[40] World Bank. 2021. Africa's pulse. Available at: https://www.worldbank.org/en/region/afr  
Published
2023-12-20
How to Cite
JACKSON, Emerson Abraham. Philosophical Discourses on Economic Governance: An African Perspectives. Theoretical and Practical Research in Economic Fields, [S.l.], v. 14, n. 2, p. 207 - 214, dec. 2023. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/8207>. Date accessed: 25 feb. 2024. doi: https://doi.org/10.14505/tpref.v14.2(28).01.