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Social Affairs

“The measure of life, after all, is not its duration but its donation” Corrie Ten Born

Taye Negussie (PhD)

Since time immemorial those relatively fair-minded and more prudent states have actively sought ideas, opinions and advices from those widely regarded by the society as men of wisdom, knowledge and insights to pass judicious decisions on weighty matters. 

 

‘What lies at the core of any economic action or system is a shared cultural understanding which provides stability and meanings to people’s actions’

Taye Negussie (PhD)

Up until the 1980s, the dominant intellectual view in the development discourse was that culture and economy were two distinct and autonomous entities having little in common. Subsequently, certain economic management models and strategies were viewed as universal formulae readily applicable across cultures and societies. One such presumably universal economic model was the ‘economic growth approach’ which was tried in many of the then Third World Countries of Asia, Africa and Latin America, but succeeded only in a handful of countries.   

 

How many of us know that this rather poor continent, Africa, is ironically one of the biggest markets for the world-class whisky liquor company since long?

Taye Negussie (PhD)

One of the renowned economists of our time, Jeffrey D. Sachs, in his recent article entitled The Lost Generation written to the Project Syndicate website had as an opening statement: “A country’s economic success depends on the education, skills and health of its population.”