“Capitalist development requires, as a precondition, that the state foster a general sociopolitical and legal framework conducive to market relationships. An environment of security of property and predictability is basic to encourage investment; in turn, this requires political stability and a minimum degree of social harmony.”

Source: The State and Economic Stagnation in Tropical Africa, p. 320

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Richard Sandbrook4

environmentalist 1946–2005

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