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THE IMPORTANCE OF MANAGEMENT EDUCATION TO AFRICA By Guy Pfeffermann, Director GBSN

As every gardener knows, plants are happy when they get the water they require – not too little, not too much. A sudden downpour is wasted; the soil cannot absorb it, and the runoff erodes the soil, especially off slopes. That is why sprinklers – from watering cans to sophisticated irrigation apparatus – are so useful.

The same goes with funding development in Africa and other poor regions of the world. Too little money, whether domestic saving, export revenues or aid to governments and NGOs, hampers progress. But too much is bad as well. Like plants growing on slopes, national economies can absorb only a certain flow of money usefully; this increases as the economy develops.

This is an excerpt from Guy Pfefferman's very interesting article entitled, The Importance of Management Education to Africa, whose central argument states; the lack of managerial skills at all levels is one of the basic reasons for the low absorptive capacity of African economies.

To read more, Download importance_of_management_education_in_africa.pdf

October 28, 2005 in General PSD |

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