“…This cautious optimism is based on the dynamic signals emerging from SSA environments. According to some opinions, (World Bank, 1989; Ayittey, 1992; Olowu, 1997; Ikeme, 1999; Nwankwo, 2000), encouraging patterns of change are discernible, namely:- a change from a state‐dominated economic order towards a market‐based economic system;
- a change in the political systems, that is, a considerable move away from systems dominated by one‐party and military structures to some sort of multi‐party, popular democratic arrangements;
- a shift away from conflicts and strife to political reconciliation and social rehabilitation;
- a change in geo‐demographics – a move away from “nationalistic introversion” (i.e. intolerance of other nationals) to greater cross‐culture and cross‐border mobility of labour and capital;
- a gradual shift away from donor‐led development assistance strategy to country‐“owning” and directing development agenda; and
- a departure from the dependency/self‐reliance approach of immediate post‐independence initiatives (Owusu, 2003) to integration into the global economy – a realisation that African cannot shield itself from globalisation without risking further marginalisation.
There are, of course, qualifiers to these features largely because SSA cannot be viewed monolithically.…”