States and Markets: Neoliberal Limitations and the Case for a Developmental State

Abstract

The political and economic renaissance of Africa is an issue that continues to preoccupy Africans and non-Africans alike. Various methods of achieving such a renaissance have been proposed. Most of these proposals are variations of the dominant neoliberal paradigm of development. The argument of this chapter is that the neoliberal paradigm is a dead end, and that a fundamental shift in paradigm is required to bring about the African renaissance. African states need to move away from that paradigm and towards becoming developmental in the sense and manner sketched here.

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