Liberian Native Stephen Gobewole’s New Book Details Africa’s Descent Into Poverty, Proposes Solutions to Help It Rise to Economic Success

Using data such as the Index of Economic Freedom, the Global Innovation Index and the Corruption Perception Index, a Liberian native steeped in finance and public policy knowledge explores why Africa has developed into a continent with poor nations. He describes how that happened and proposes how it can change for the better, detailed in a new book released by Dog Ear Publishing.

Pawtucket, RI, May 31, 2018 --( Africa was once a continent of abundant riches in natural resources, coveted by more advanced nations. Today Africa has some of the lowest literacy rates and countries with high numbers of people living in poverty. In a new book released by Dog Ear Publishing, a financial and policy expert who grew up in Liberia writes that Africa’s perpetual poverty is a result of the transfer of natural resources, neoliberal trade policies and poor leadership.

In “Continental Impoverishment,” his latest book, Stephen Gobewole proposes that African counties adopt protectionist policies that enhance economic development, foster learning and increase living standards while eliminating patrimonialism and establishing a modern state. His hope is that economic development that trains and educates people will lead to reduced poverty and a strong society that includes better governance.

Not only did Africa’s natural resources disappear, taken by European nations and the United States via colonization, but also its very people disappeared, thanks to the transatlantic slave trade. Africa once had iron ore, crude oil, agricultural materials such as palm oil and coffee beans. In the last few hundred years these raw ingredients for wealth were shipped to countries such as Germany, Britain, Portugal and the United States, as well as Caribbean nations such as Haiti, Cuba and Surinam and South African countries such as Argentina Chile and Brazil.

Africa is not only decimated by outside interests but also by African leaders implementing neopatrimonialism, enriching themselves at the expense of large numbers of Africans, Gobewole writes. In the book, he points out not only the problems he sees with past actions that continue to resonate into today but also potential collaborative solutions involving education and technology to create economic development that will benefit everyone – not just Africa’s leaders.

Gobewole, raised in Liberia, earned a bachelor’s and a master’s degree from Rhode Island College and received a financial planning certificate from Bryant University. He received a PhD in public policy with a concentration in public management and leadership from Walden University. He served as assistant vice president for SunTrust Bank for about four years and for more than a decade managed bank branches for Sovereign Bank, Citizens Bank and Eastern Bank. He also wrote the book “Liberia’s Political Economy: An Examination of Public Institutional Quality.”

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Continental Impoverishment
Stephen H. Gobewole
Dog Ear Publishing
ISBN: 978-1-4575-6180-1 190 pages $19.95 US Perfectbound
ISBN: 978-1-4575-6299-0 190 pages $39.95 US Hardcover (DJ)
ISBN: 978-1-4575-6323-2 $9.99 US eBook

Available at Ingram,, Barnes & Noble and fine bookstores everywhere.

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