Prof. Mahfuz Chowdhury The fact has remained that Bangladesh failed to uphold true democratic values even after forty years of existence. Sadly, the democratic process was halted by the very leader who had led the country to independence. Soon after freedom, his unilateral decision to establish a personal army and impose a one-party autocratic rule [...]

   Dr. Wolassa KumoIntroduction My 40th article with Afroarticles is devoted to the seminal work in development economics of Sir Arthur Lewis (January 23, 1915- June 15, 1991), the first and the only black person to win the Nobel Memorial Prize in Economic Science. Professor Lewis won the 1979 Nobel Prize in economics for his seminal [...]

Fixed capital has long been considered as an engine of growth both as a factor of production and as an embodiment of technological progress. Countries that had made sustained accumulation of fixed capital were able to achieve higher and sustained economic growth and development while those who had not lagged behind. For instance, economic development in Sub-Saharan Africa has been severely constrained by inadequate saving and investment, among other things.

The cradle of mankind, Horn of Africa, remains the land of untold human tragedy. While we still have a vivid memory of the 1984 famine in Ethiopia that killed over a million people, 12 million more people are facing agonizing famine once more.

Should the United States devolve into its constituent states, the world will breathe a sigh of relief. A European Union (EU)-like economic zone between the parts of the former USA is bound to be far more pacific and to contribute to world stability – something its malignant former incarnation had so signally failed to do.