Should African countries liberalise at any cost? Restrictions on importation of goods that can be produced locally has become a matter of extreme urgency, writes Professor S.K.B Asante who rather wants African governments to arrogate to themselves the right to define their nations' economic interests, instead of leaving that to the play of market forces.

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New African Market

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Should African countries liberalise at any cost? Restrictions on importation of goods that can be produced locally has become a matter of extreme urgency, writes Professor S.K.B Asante who rather wants African governments to arrogate to themselves the right to define their nations' economic interests, instead of leaving that to the play of market forces.

In recent years, African countries are being urged by various multilateral institutions to adopt policies of rapid economic liberalisation, in dm interest of economic growth and efficiency.

Specifically, using the slogan, "economic liberalisation", the Bretton Woods institutions and the developed industrial economies that support these institutions continually press African and other developing countries to accept economic policies compatible with the tenets of economic liberalism: prices and production to be determined by the free pla...

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