Malawian President Joyce Banda says good economic policies are a prerequisite for enhanced growth and development in Africa.
Banda made the statement when she launched a book titled ‘Africas Third Liberation” co authored by Greg Mills and Jeffery Herbst at Konrad Adenaur Foundation Headquarters in Brussels Belgium.
She said African countries now have the potential to undertake a third liberation from political economies characterized by graft, crony capitalism, rent-seeking, elitism and social inequality.
The 249 paged book talk of how Africa’s political leaders and interest groups can promote economic growth in their countries. Drawing on studies of countries outside Africa the authors identify the factors separating the performers from the laggards worldwide.
Greg Mill, who runs the multi-million foundation, the Brenthurst Foundation says apart from the need to create an enabling environment for business through good governance, provision of infrastructure and improvements in education most critical is the need for a laser-like development focus by governments.
In her turn, the Malawi leader said the received warmly the invitation to launch the book because she believes in the contents of the book.
President Banda said there is a new wave of leadership sweeping across the continent that is listening and work oriented.
The launch attracted members of the diplomatic corps , the academia and representatives various governments.