Inclusive Institutions in Daron Acemoglu and J. A. Robinson: A Paradigm for African Development
This work sets out to interrogate the parameter of African development. The continent is enormously endowed with both human and natural resources, but paradoxically and turbulently underdeveloped. Africa has been and is still occupying a place of pride in retailing solutions to the so-called Global North Nations; in the colonial era, it provided the raw materials for the industrialization of the Global North; while in the post-colonial period, Africa is still the catchment area for marketing of goods and the imposition of imperial policies by the West. Failed or fragile states, high rate of poverty, unemployment, corruption, infrastructural decay, crippled economies and several other qualities that mark the dark side of a nation are easily attributable to Africa in the comity of nations. It is against this backdrop that this work adopts the hermeneutic method and proposes inclusive institution as posited in Acemoglu and Robinson's Why Nations Fail: The Origins of Power, Prosperity and Poverty. Consequently, this work discovers rule of law, effective use of critical juncture, separation of power and creative destruction, as the necessary springboard towards building inclusive institutions in Africa. This work thus concludes that, unless this position is taken, Africa will keep groping in the search for a development paradigm.
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