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The Church in Africa: If you wait for the West to fix your economy for you, you will further slide into poverty

Posted by andreasw on Aug 25, 2010 at 1:00 am

Installment 1 of 15 – Andreas Widmer’s remarks at SECAM, Accra Ghana July 29. 2010

Economic development does not come from abroad. You will slide further into poverty if you wait for the West to fix your economy for you.

Economic development does not come from the World Bank or foreign governments. It is created out of self-reliance and local communities linked into networks of productivity, what Pope John Paul II called “circles of exchange.” Business investment and business loans are needed, not government to government grants and aid.

Economic development and prosperity come from within your society itself.

To ignite prosperity, we have to enable our local small and medium sized companies (SMEs).  These are the companies that can provide high growth with good and stable jobs, local tax revenues, and locally generated philanthropic activity, which means that African churches and charities do not need to go abroad to find donations.

I want to propose to you a specific way of thinking about entrepreneurship and ministry to business leaders in your diocese.

Develop a program that would provide spiritual formation, business training, and collateral funds to gain access to bank loans for the best entrepreneurs in your diocese.

Categories: Africa, Business: Entrepreneurship/Investment/Acumen, Catholic Social Teaching, Development, Economics: Trade, Aid, & Theory, Entrepreneurship, Investment, Theology & Business

One Response to “The Church in Africa: If you wait for the West to fix your economy for you, you will further slide into poverty”

  1. David Clayton

    January 18, 2011 at 5:41 am

    I’m enjoying going through all of these Andreas

    Reply

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