Development and Economic Freedom

Franklin Cudjoe writes about development and economic freedom:
"...African leaders need to implement a series of reforms. They need to decentralize the power and ownership of resources, lower taxes, reduce the number of bureaucratic steps for business start ups, and establish an honest means of property acquisition while helping to define, defend and divest such property through the enforcement of contracts...Such an approach would release enormous entrepreneurial energy into wealth creation. The net effect gives power to real people who could then afford efficient and cleaner technologies or save and later reinvest in other sectors of the economy. Generally, the wealthier a country becomes, the more likely it is able to purchase food in the global market and afford more productive technologies that increase crop yields..."