catallaxy files

catallaxy in technical exile

Enterprise Africa!

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The John Templeton Foundation has funded the Enterprise Africa! project which will be run by a multi-continental partnership consisting of The Mercatus Center at George Mason University (US) with the Free Market Foundation (South Africa) and the Institute of Economic Affairs (London). The purpose of the project is to seek innovative solutions to problems of poverty in Africa and to move towards policies that generate more opportunities for the world’s poor to improve their quality of life.

While western elites hold conferences on how best to redistribute wealth, unsung entrepreneurs are quietly erasing – at the micro level – devastating problems of poverty in some of the poorest places in the world. This fresh perspective – that the solutions to world poverty are not to be found in international aid bureaucracies so much as in the hearts and hands of the world’s poor themselves–is being developed and substantiated in order to provide policy makers and opinion leaders with new information about which institutions hold the most promise for Africa by supporting enterprise-based solutions to poverty.

In Africa, local enterprise has been the most successful solution to poverty to date. Whether in the growing textile industry in southern Africa, the flower trade in Kenya, fish processing in Senegal, or tourism in east and southern Africa, Africans who enter the world market and trade are finding ways to lift themselves and their communities out of poverty.

Some African leaders recognize that trade is the true path to prosperity. In Botswana, Mauritius, South Africa, and Kenya, trade volumes are rising and entrepreneurs are creating new opportunities for people. These relatively successful countries serve as beacons for the rest of the continent, showing what is possible, and also offering examples of effective public policies – policies that enable entrepreneurship, property ownership and stewardship, and that help strengthen local communities and civic life.

Written by Admin

September 29, 2005 at 10:17 pm

Posted in Uncategorized

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