Do African Socio-Economic Environment Understands The Western Economic Doctrines??

ABSTRACT
My present studies in this area depict that there is a constant war between the adoptions of western economic doctrine into the African socio-economic environment that has resulted into the xenophobic character, which the paper seeks to classify them into soft and hard xenophobia.

Hard Xenophobia mostly result in genocide, as of the best example of the recent case study of South Africa but the Soft Xenophobia result in collapse of business, ideas and ventures that enters into competition or in a state of challenge to a competitor, which occur among its citizens in 97% of nations forming the African continent.

The stem root was identified, as the misunderstanding of a typical African on the act of “Competition” and “Challenge”. My findings indicate that the definition of “Competition” to an African is “Warfare” and “Challenge” is an “Arch-Enemy”. So there is always a conspiracy of a competitor in the market of competition to cause destruction to an opponent, to attain supremacy.

This i defined it as a soft xenophobic character very rampant on the continent of Africa; the cause retarding our Politico-economic growth, and the reason of the love of strong and dirty politics in Africa, because the surviving of most business against competitors highly depends on supreme power that can only be offered by government resulting in numerous cronyism.

Until Competition and Challenge among competitors are not misunderstood as Warfare and Arch enemy respectively, but a means to get the best for the economic market then the African continent could correctly be accepted to be aligning with the fundamental economic principle of the west, which is resulting in wonderful development comparable to our own. And a better understanding of free market economic principle.

#Think Africa
#Love Africa
Tweneboah Senzu,PhD.
Senior Fellow Bastiat Ghana Institute
Research Professor of Market Economics Studies of TUA.University