Will Africapitalism Work?
Africa Journal of Management, Forthcoming
22 Pages Posted: 1 Jun 2020
Date Written: May 2, 2020
Africapitalism suggests a refined capitalist system aimed at achieving collective good unlike the shareholder value maximisation model of Anglo-American capitalism. It emphasises the obligations of the private sector in Africa to pursue socio-economic development. Despite these proposed benefits, this paper queries the functionality of such capitalism. It presents six major criticisms of Africapitalism and argues for a more realistic approach to African development.
Keywords: Africapitalism, Africa, Capitalism, Anglo-American model, Business ethical framework, Ubuntu; Shared value, Critique
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