Socialist Regimes and Economic Planning
Socialist Regimes and Economic Planning
- Bonny IbhawohBonny IbhawohMcMaster University
Summary
Between 1950 and the mid-1980s, several African countries adopted socialist systems of government. In the first decades of independence, socialism appealed to some African leaders both as a political ideology and as an economic system. Socialism represented the promise of a new anti-imperial, revolutionary, and independent path to national and continental development. The socialist policies adopted in African countries included centralized state control of the economy, collectivization of land and agriculture, the nationalization of key sectors of the economy, and public sector–led social development. From Ghana to Algeria, and from Tanzania to Egypt, these socialist policies brought significant economic and social changes with mixed results. The end of the Cold War in the 1990s, and the wave of pro-democracy movements that followed, signaled the end of socialist experimentation in Africa. However, the legacies of socialist economic planning persist across the continent.
Keywords
Subjects
- Political History
