Date of Award

5-10-2023

Document Type

Thesis

Department

Business

First Reader

Professor Johan Eriksson

Second Reader

Professor Marshall Horton

Third Reader

Professor Jennifer Pittman

Abstract

Because the economic development in Africa is at an inflection point, the continent needs to use the transformative process of going from the village mentality to the entrepreneurial mentality. They need to go from the dependency village mentality to the free market entrepreneurial mentality to affect Africa’s economic future.

Many factors affect the path from the village mentality to the entrepreneurial mentality. Some of these factors and examples that I explore in this paper are international companies investing in local intelligence and people finding role models/goals to aspire to. Another factor is individuals going through difficulty and needing change. However, some elements backtrack or hinder the transformation from the village mentality to the entrepreneurial mentality. One such example is the influence of elders and systems, making one over-reliant on another power. These systems leave African people without the capital and creativity to transform their mentality. Colonialism and some African government policies reflect this happening. Having briefly discussed the two mentalities, let us now look at Africa and its Economic importance to the rest of the world.

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