Capitalism and African Business Cultures

Scott D. Taylor

No wp-2014-054, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Scholars and practitioners once commonly linked 'African culture' to a distinctive 'African capitalism', at odds with genuine capitalism and the demands of modern business. Yet contemporary African business cultures reveal that a capitalist ethos has taken hold within both state and society. The success and visibility of an emergent, and celebrated, class of African big business reveals that business and profit are culturally acceptable.

Keywords: Business; Capitalism; Entrepreneurship (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2014-054

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