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Capitalism and African Business Cultures

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  • Scott D. Taylor

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.

Suggested Citation

  • Scott D. Taylor, 2014. "Capitalism and African Business Cultures," WIDER Working Paper Series wp-2014-054, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2014-054
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2014-054.pdf
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    References listed on IDEAS

    as
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    2. World Bank & International Finance Corporation, "undated". "Doing Business in Italy 2013 : Smarter Regulations for Small and Medium-Size Enterprises," World Bank Publications - Reports 13331, The World Bank Group.
    3. World Bank & International Finance Corporation, "undated". "Doing Business in Italy 2013 : Smarter Regulations for Small and Medium-Size Enterprises," World Bank Publications - Reports 13332, The World Bank Group.
    4. World Bank & International Finance Corporation, "undated". "Doing Business in the East African Community 2013 : Smarter Regulation for Small and Medium-Size Enterprises," World Bank Publications - Reports 16246, The World Bank Group.
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